Seagate CTO sells 572 shares after RSU exercise
EVP & CTO John Christopher Morris exercised RSUs and sold a portion of the resulting Seagate shares without a Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) reported that EVP & CTO John Christopher Morris exercised restricted share units into 1,131 Ordinary Shares on September 9, 2026 and sold 572.25 Ordinary Shares on September 10, 2026 in open-market or private transactions at prices around $862 per share. No Rule 10b5-1 trading plan is reported, and the RSU grants vest over four-year periods under Seagate's equity incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Morris John Christopher
Role
EVP & CTO
Sold
572.25 shs ($493K)
Approx. gross sale proceeds
$493K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 253 | $862.125 | $218K |
| Sale | Ordinary Shares | 319.25 | $862.136 | $275K |
| Exercise | Restricted Share Unit F1 | 500 | $0.00 | $0.00 |
| Exercise | Restricted Share Unit F2 | 631 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 500 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 631 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Unit — 5,055 contracts (Direct);
Ordinary Shares — 16,018.5 shares (Direct)
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"). One-quarter of the shares vested on September 9, 2023 and the remaining portion vested 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 Plan. One-quarter of the shares 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.
Key Figures
Shares sold: 572.25 Ordinary Shares
Sale price (lot 1): $862.13 per share
Sale price (lot 2): $862.14 per share
+3 more
6 metrics
Shares sold
572.25 Ordinary Shares
Total Ordinary Shares sold by John Christopher Morris on September 10, 2026
Sale price (lot 1)
$862.13 per share
253 Ordinary Shares sold on September 10, 2026
Sale price (lot 2)
$862.14 per share
319.25 Ordinary Shares sold on September 10, 2026
RSUs exercised
1,131 restricted share units
RSUs converted into Ordinary Shares on September 9, 2026
RSU grant 1 vesting start
September 9, 2023
One-quarter vested then; remainder vests quarterly over three years
RSU grant 2 vesting start
September 9, 2025
One-quarter vested then; remainder to vest quarterly over three years
Key Terms
Restricted Share Unit, 2022 Equity Incentive Plan, vesting period
3 terms
2022 Equity Incentive Plan financial
"RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan"
vesting period financial
"the remaining portion vested in equal quarterly installments over the following three years 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Seagate (STX) report for EVP & CTO John Christopher Morris?
EVP & CTO John Christopher Morris exercised 1,131 restricted share units into Ordinary Shares on September 9, 2026 and sold 572.25 Ordinary Shares on September 10, 2026 in open-market or private transactions.
How many Seagate (STX) RSUs did John Christopher Morris exercise in this Form 4?
He exercised a total of 1,131 restricted share units into Ordinary Shares on September 9, 2026, consisting of 500 RSUs from one grant and 631 RSUs from another grant.
What is the vesting schedule for the Seagate (STX) RSU grants in this Form 4?
One RSU grant vested one-quarter on September 9, 2023 with the rest in equal quarterly installments over the following three years. A second grant vested one-quarter on September 9, 2025 with the remaining portion vesting in equal quarterly installments over the following three years.
AI-generated analysis. How Rhea-AI works. Not financial advice.