Seagate (STX) CLO exercises 1,237 RSUs, sells shares for taxes
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 Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
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)
- F1. Represents sales made pursuant to Issuer mandated sell-to-cover solely to satisfy tax withholding obligations.
- F2. Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
- 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.
Key Figures
Shares sold for tax withholding: 542.25 Ordinary Shares
Sale price: $905.0087 per share
RSUs exercised: 1,237 Restricted Share Units
+2 more
5 metrics
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
Key Terms
sell-to-cover, Restricted Share Unit, Equity Incentive Plan
3 terms
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.
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.
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.
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.