Seagate (STX) CFO Romano exercises 1,695 RSUs and sells 903 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CFO Gianluca Romano reported both an equity award vesting and a small open-market sale of company stock. On June 11, 2026, he exercised 1,695 Restricted Share Units at a conversion price of $0.00, receiving the same number of ordinary shares as part of a prior equity grant that vests over four years under the 2022 Equity Incentive Plan.
On June 12, 2026, Romano then completed an open-market sale of 903.25 ordinary shares at an average price of $880.1873 per share. Following this sale, he held 42,860.25 ordinary shares directly, and the RSU award referenced in the footnote continues to vest in quarterly installments, subject to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 903.25 shares ($795,029)
Net Sell
3 txns
Insider
Romano Gianluca
Role
EVP & CFO
Sold
903.25 shs ($795K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 903.25 | $880.1873 | $795K |
| Exercise | Restricted Share Unit | 1,695 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,695 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 42,860.25 shares (Direct, null);
Restricted Share Unit — 8,475 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 903.25 shares
Sale price: $880.1873 per share
RSUs exercised: 1,695 units
+4 more
7 metrics
Shares sold
903.25 shares
Open-market sale on June 12, 2026
Sale price
$880.1873 per share
Average sale price for 903.25 shares
RSUs exercised
1,695 units
Restricted Share Units converted on June 11, 2026
RSU conversion price
$0.00
Conversion or exercise price for RSUs
Shares held after sale
42,860.25 shares
Direct ownership after June 12, 2026 sale
RSUs remaining
8,475 units
Restricted Share Units following RSU transaction
Net shares sold
903.25 shares
Net buy/sell shares across reported transactions
Key Terms
Restricted Share Unit, Equity Incentive Plan, open-market sale, derivative security, +1 more
5 terms
Equity Incentive Plan financial
"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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting period financial
"for a total vesting period of four years"
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
FAQ
What did Seagate (STX) CFO Gianluca Romano report in this Form 4?
Gianluca Romano reported an equity grant vesting and a related share sale. He exercised 1,695 Restricted Share Units into ordinary shares, then sold 903.25 ordinary shares in an open-market transaction while retaining 42,860.25 shares directly afterward.
What equity award did the Seagate (STX) CFO exercise in this filing?
He exercised 1,695 Restricted Share Units granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. These units convert into ordinary shares at a $0.00 conversion price as they vest according to the award’s four-year vesting schedule.
What is the vesting schedule of the Seagate (STX) CFO’s RSU grant?
The RSU grant vests over four years. One-quarter vested starting on September 11, 2024, with the remaining units vesting in equal quarterly installments over the following three years, assuming the CFO’s continuous employment with Seagate Technology Holdings plc.