Seagate (NASDAQ: STX) EVP Teh Ban Seng trades options, sells shares
Rhea-AI Filing Summary
Seagate Technology Holdings plc executive Teh Ban Seng, EVP & Chief Commercial Officer, reported multiple stock transactions on January 12, 2026. He exercised non-qualified stock options for 533 ordinary shares at $68.83 and 879 ordinary shares at $64.31, then sold 1,412 ordinary shares at $299.31. These trades were carried out under a Rule 10b5-1 trading plan adopted on October 31, 2024. Following the sale, he directly owned 13,693 ordinary shares. He also continued to hold options covering 4,260 and 17,575 ordinary shares, with four-year vesting schedules that began vesting on September 9, 2023 and September 11, 2024, respectively.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | NQ Options | 533 | $0.00 | $0.00 |
| Exercise | NQ Options | 879 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 533 | $68.83 | $37K |
| Exercise | Ordinary Shares | 879 | $64.31 | $57K |
| Sale | Ordinary Shares | 1,412 | $299.31 | $423K |
Footnotes (3)
- F1. The option exercise and sale of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 31, 2024.
- F2. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One-quarter of the options vested on September 9, 2023 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2023.
- F3. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One-quarter of the options vested on September 11, 2024 and the remaining options vest in equal monthly installments over the 36 months following September 11, 2024.
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FAQ
Who reported insider transactions in Seagate Technology (STX)?
The reporting person is Teh Ban Seng, who serves as EVP & Chief Commercial Officer of Seagate Technology Holdings plc.
Were Teh Ban Seng’s Seagate (STX) trades under a Rule 10b5-1 plan?
Yes. The option exercises and sale of ordinary shares were carried out under a Rule 10b5-1 trading plan adopted on October 31, 2024.
What Seagate stock options does Teh Ban Seng still hold?
He held non-qualified options covering 4,260 and 17,575 ordinary shares, each subject to a four-year vesting schedule with initial vesting on September 9, 2023 and September 11, 2024, respectively.
What is the vesting schedule for Teh Ban Seng’s Seagate options?
For each grant, one-quarter of the options vested on the initial vesting date, with the remainder vesting in equal monthly installments over 36 months after that date.