Seagate EVP exercises 1,262 RSUs into shares
Seagate Technology Holdings plc EVP & Chief Commercial Officer Teh Ban Seng exercised restricted share units into ordinary shares as part of his equity compensation.
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & Chief Commercial Officer Teh Ban Seng exercised restricted share units into ordinary shares as part of his equity compensation. On March 9, 2026, he converted 1,262 RSUs into the same number of ordinary shares at a conversion price of $0.00 per share.
Following these transactions, he directly holds 10,259 ordinary shares. He also continues to hold RSUs granted under Seagate’s 2022 Equity Incentive Plan, with 1,199 RSUs from one grant and 6,632 RSUs from another, both vesting in quarterly installments over four-year schedules tied to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 599 | $0.00 | $0.00 |
| Exercise | Restricted Share Unit | 663 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 599 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 663 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
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What did Seagate (STX) executive Teh Ban Seng report in this Form 4?
How many Seagate (STX) RSUs did Teh Ban Seng exercise on March 9, 2026?
What RSU grants under Seagate’s 2022 Plan does Teh Ban Seng still hold?
How do the Seagate (STX) RSU vesting schedules work for Teh Ban Seng?
Does this Seagate (STX) Form 4 show any open-market stock purchases or sales?
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