Seagate CTO awarded 30K shares, tax sale 15K
EVP & CTO John Christopher Morris had performance-based awards vest into Seagate shares, with part of the shares sold only to cover tax withholding.
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) reported that EVP & CTO John Christopher Morris had performance-based equity awards vest and related tax sales. On September 14, 2026, 30,130 Performance Share Units granted on September 11, 2023 vested after the Compensation and People Committee certified achievement of the applicable performance conditions and were settled in 30,130 Ordinary Shares. On September 15, 2026, 15,465.5 Ordinary Shares were sold in the market, which the company states were sales made pursuant to an issuer-mandated sell-to-cover arrangement solely to satisfy tax withholding obligations.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F2 | 15,465.5 | $772.1512 | $11.94M |
| Exercise | Performance-Based Restricted Share Units F3 | 30,130 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1 | 30,130 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents Ordinary Shares issued upon the vesting and settlement of Performance Share Units granted on September 11, 2023, following certification by the Compensation and People Committee of the achievement of the applicable performance conditions.
- F2. Represents sales made pursuant to Issuer mandated sell-to-cover solely to satisfy tax withholding obligations.
- F3. Performance Share Units granted on September 11, 2023 vested and were settled in Ordinary Shares upon certification of the applicable performance conditions by the Compensation and People Committee.
Key Figures
Key Terms
sell-to-cover financial
tax withholding obligations financial
Compensation and People Committee financial
FAQ
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What insider transactions did Seagate (STX) report for EVP & CTO John Christopher Morris?
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