STOCK TITAN

Seagate (STX) CLO exercises 1,237 RSUs, sells shares for taxes

(Moderate)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Seagate Technology Holdings plc EVP & CLO James CI Lee exercised 1,237 Restricted Share Units into the same number of Ordinary Shares on July 22, 2026, from a grant under the 2022 Equity Incentive Plan, leaving 9,902 RSUs outstanding. On July 23, 2026, he sold 542.25 Ordinary Shares at $905.0087 per share in an issuer-mandated sell-to-cover transaction solely to satisfy tax withholding obligations.

Positive

  • None.

Negative

  • None.
Insider Lee James CI
Role EVP & CLO
Sold 542.25 shs ($491K)
Approx. gross sale proceeds $491K
Type Security Shares Price Value
Sale Ordinary Shares F1 542.25 $905.0087 $491K
Exercise Restricted Share Unit F2, F3 1,237 $0.00 $0.00
Exercise Ordinary Shares 1,237 $0.00 $0.00
Holdings After Transaction: Restricted Share Unit — 9,902 shares (Direct); Ordinary Shares — 1,018.75 shares (Direct)
Footnotes (3)
  1. F1. Represents sales made pursuant to Issuer mandated sell-to-cover solely to satisfy tax withholding obligations.
  2. F2. Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
  3. F3. Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Such RSUs vested as to one-quarter of the shares on July 22, 2025 and then in equal quarterly installments thereafter.
Shares sold for tax withholding 542.25 Ordinary Shares Sale on July 23, 2026 in issuer-mandated sell-to-cover
Sale price $905.0087 per share Price for 542.25 Ordinary Shares sold on July 23, 2026
RSUs exercised 1,237 Restricted Share Units Converted into 1,237 Ordinary Shares on July 22, 2026
RSUs held after transaction 9,902 Restricted Share Units RSU balance following July 22, 2026 vesting and exercise
Initial RSU vesting date July 22, 2025 One-quarter of the RSU grant vested on July 22, 2025
sell-to-cover financial
"Represents sales made pursuant to Issuer mandated sell-to-cover solely to satisfy tax withholding"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
Restricted Share Unit financial
"Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share"
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
Equity Incentive Plan financial
"RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transactions did Seagate (STX) report for executive James CI Lee?

Seagate reported that EVP & CLO James CI Lee exercised 1,237 RSUs into Ordinary Shares, then sold 542.25 shares. The sale occurred the next day and was part of an issuer-mandated sell-to-cover arrangement for tax withholding obligations.

How many Seagate (STX) shares did James CI Lee sell, and at what price?

James CI Lee sold 542.25 Ordinary Shares of Seagate at $905.0087 per share. According to the disclosure, these shares were sold solely to cover tax withholding through an issuer-mandated sell-to-cover mechanism, not as a discretionary open-market sale.

What RSU grant is involved in Seagate (STX)'s latest Form 4 for James CI Lee?

The transactions involve RSUs granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. The RSUs vested as to one-quarter of the shares on July 22, 2025, with the remainder vesting in equal quarterly installments thereafter, driving the recent share delivery.

How many Restricted Share Units does James CI Lee hold after the Seagate (STX) transactions?

After the reported RSU exercise, James CI Lee holds 9,902 Restricted Share Units. This figure reflects his remaining RSU balance following the July 22, 2026 conversion of 1,237 RSUs into Ordinary Shares, as shown in the derivative holdings data.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lee James CI

(Last)(First)(Middle)
SEAGATE TECHNOLOGY PLC
47488 KATO ROAD

(Street)
FREMONT CALIFORNIA 94538

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Seagate Technology Holdings plc [ STX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & CLO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares07/22/2026M1,237A$01,561D
Ordinary Shares07/23/2026S542.25(1)D$905.00871,018.75D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Unit(2)07/22/2026M1,237 (3) (3)Ordinary Shares1,237$09,902D
Explanation of Responses:
1. Represents sales made pursuant to Issuer mandated sell-to-cover solely to satisfy tax withholding obligations.
2. Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
3. Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Such RSUs vested as to one-quarter of the shares on July 22, 2025 and then in equal quarterly installments thereafter.
Remarks:
/s/ Louis J. Thorson, Attorney-in-fact for James C. Lee07/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)