Seagate (STX) CFO exercises 2,473 RSUs; 1,236 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CFO Gianluca Romano exercised restricted share units into ordinary shares and had shares withheld for taxes. On March 9, 2026, he converted 2,473 restricted share units into 2,473 ordinary shares. To satisfy tax obligations, 1,236 ordinary shares were withheld at 374.33 per share, leaving a net increase of 1,237 shares. Following these routine compensation-related transactions, he directly holds 64,487 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,473 shares exercised/converted
Mixed
6 txns
Insider
Romano Gianluca
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 958 | $0.00 | -- |
| Exercise | Restricted Share Unit | 1,515 | $0.00 | -- |
| Exercise | Ordinary Shares | 958 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 479 | $374.33 | $179K |
| Exercise | Ordinary Shares | 1,515 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 757 | $374.33 | $283K |
Holdings After Transaction:
Restricted Share Unit — 1,918 shares (Direct);
Ordinary Shares — 64,208 shares (Direct)
Footnotes (1)
- Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "2022 Plan"). Subject to the Reporting Person's continuous employment, such RSUs vested as to one-quarter of the shares on September 9, 2023 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years. Consists of a grant of RSUs awarded to the Reporting Person under the 2022 Plan. Subject to the Reporting Person's continuous employment, one-quarter vested on September 9, 2025 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years.
FAQ
What insider transactions did Seagate (STX) CFO Gianluca Romano report?
Gianluca Romano reported exercising 2,473 restricted share units into 2,473 ordinary shares. As part of the same event, 1,236 ordinary shares were withheld to cover tax obligations, resulting in a net increase of 1,237 directly held Seagate shares.
What do the M and F transaction codes mean in this Seagate (STX) Form 4?
Code M indicates the exercise or conversion of derivative securities, here restricted share units converting into ordinary shares. Code F indicates shares withheld to pay exercise price or tax liabilities, representing non-market dispositions tied to the same compensation event.
What do the footnotes reveal about Gianluca Romano’s Seagate (STX) RSU grants?
The footnotes state the RSUs were granted under the 2022 Equity Incentive Plan, vesting one-quarter at specific dates and the remainder in equal quarterly installments over four years, conditioned on continued employment with Seagate Technology Holdings plc.