Seagate (STX) EVP Teh Ban Seng converts 1,262 RSUs into ordinary shares
Filing Impact
Filing Sentiment
Form Type
4
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
1,262 shares exercised/converted
Mixed
4 txns
Insider
Teh Ban Seng
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 599 | $0.00 | -- |
| Exercise | Restricted Share Unit | 663 | $0.00 | -- |
| Exercise | Ordinary Shares | 599 | $0.00 | -- |
| Exercise | Ordinary Shares | 663 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 1,199 shares (Direct);
Ordinary Shares — 9,596 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 did Seagate (STX) executive Teh Ban Seng report in this Form 4?
Teh Ban Seng reported exercising restricted share units into ordinary shares as part of his Seagate equity compensation. On March 9, 2026, he converted 1,262 RSUs into 1,262 ordinary shares at a price of $0.00 per share.
How many Seagate (STX) RSUs did Teh Ban Seng exercise on March 9, 2026?
He exercised a total of 1,262 restricted share units on March 9, 2026. This consisted of 599 RSUs from one grant and 663 RSUs from another, each converting into an equal number of Seagate ordinary shares at a $0.00 conversion price.
What RSU grants under Seagate’s 2022 Plan does Teh Ban Seng still hold?
He continues to hold RSUs from two grants under Seagate’s 2022 Equity Incentive Plan: 1,199 RSUs from one award and 6,632 RSUs from another. Both grants vest quarterly over four years, subject to his continuous employment with the company.
How do the Seagate (STX) RSU vesting schedules work for Teh Ban Seng?
Each RSU grant vests over four years in quarterly installments. For both awards, one-quarter of the RSUs vest on a stated September 9 vesting date, with the remaining units vesting in equal quarterly installments over the following three years, contingent on continued employment.
Does this Seagate (STX) Form 4 show any open-market stock purchases or sales?
This Form 4 shows only derivative exercises converting RSUs into ordinary shares at a $0.00 price. It does not report any open-market purchases or sales, and there are no tax-withholding or gift transactions disclosed in the provided data.