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
- None.
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.
What Seagate ordinary share transactions did Teh Ban Seng report on January 12, 2026?
On January 12, 2026, he exercised options into 533 ordinary shares at $68.83 and 879 shares at $64.31, and sold 1,412 ordinary shares at $299.31.
How many Seagate shares does Teh Ban Seng own after the reported transactions?
After the reported transactions, he directly owned 13,693 ordinary shares 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.