Seagate EVP acquires 14,470 shares via RSUs
EVP Global Operations Chong Kian Fatt received 14,470 Seagate ordinary shares from performance-based equity vesting and now holds 25,093 shares directly.
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) reported that EVP Global Operations Chong Kian Fatt14,470 Performance-Based Restricted Share Units14,470 Ordinary Shares25,093 Ordinary Shares
Positive
- None.
Negative
- None.
Insider Trade Summary
14,470 shares exercised/converted
Exercise
2 txns
Insider
Chong Kian Fatt
Role
EVP Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Share Units F2 | 14,470 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1 | 14,470 | $0.00 | $0.00 |
Holdings After Transaction:
Performance-Based Restricted Share Units — 0 contracts (Direct);
Ordinary Shares — 25,093 shares (Direct)
Footnotes (2)
- 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. 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
Performance-Based RSUs converted: 14,470 units
Ordinary Shares acquired: 14,470 shares
Holdings after transaction: 25,093 shares
+3 more
6 metrics
Performance-Based RSUs converted
14,470 units
Performance-Based Restricted Share Units converted on September 14, 2026
Ordinary Shares acquired
14,470 shares
Ordinary Shares received upon vesting and settlement of Performance Share Units
Holdings after transaction
25,093 shares
Direct Ordinary Share ownership after September 14, 2026 transaction
Exercise/settlement price
$0.00 per share
Reported price for 14,470 Ordinary Shares acquired via Performance Share Unit vesting
Performance Share Unit grant date
September 11, 2023
Original grant date of the Performance Share Units that vested
Vesting/settlement date
September 14, 2026
Date Performance Share Units vested and were settled into Ordinary Shares
Key Terms
Performance-Based Restricted Share Units, Performance Share Units, Compensation and People Committee
3 terms
Compensation and People Committee financial
"following certification by the Compensation and People Committee of the achievement of the applicable performance conditions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Seagate (STX) EVP Global Operations Chong Kian Fatt report on this Form 4?
He exercised and settled 14,470 Performance-Based Restricted Share Units14,470 Ordinary SharesSeptember 14, 2026, after the Compensation and People Committee certified achievement of the applicable performance conditions.
What type of equity award vested for Seagate (STX) EVP Global Operations Chong Kian Fatt?
The award was Performance-Based Restricted Share UnitsSeptember 11, 2023, which vested and were settled in Ordinary Shares after the Compensation and People Committee certified that performance conditions were met.
Was the Seagate (STX) Form 4 transaction under a Rule 10b5-1 trading plan?
The document-level checkbox for Rule 10b5-1 plans is not checked, and the footnotes do not state that the transactions were made under a Rule 10b5-1 trading plan.
What performance confirmation was required for Chong Kian Fatt’s Seagate (STX) units to vest?
The Performance Share Units vested and were settled in Ordinary Shares upon certification of the applicable performance conditionsCompensation and People Committee.
AI-generated analysis. How Rhea-AI works. Not financial advice.