Seagate (STX) EVP receives 678 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc executive vice president of global operations Chong Kian Fatt exercised restricted share units into ordinary shares as part of his equity compensation. On March 11, 2026, 678 restricted share units converted into 678 ordinary shares at a stated price of 0.0000 per share, reflecting a non-cash equity grant.
The footnote explains this award was granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan and vests over four years, with one-quarter vesting starting on September 11, 2024 and the remainder in equal quarterly installments. Following this vesting event, he directly holds 1,259 ordinary shares and 4,070 restricted share units.
Positive
- None.
Negative
- None.
Insider Trade Summary
678 shares exercised/converted
Mixed
2 txns
Insider
Chong Kian Fatt
Role
EVP Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 678 | $0.00 | -- |
| Exercise | Ordinary Shares | 678 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 4,070 shares (Direct);
Ordinary Shares — 1,259 shares (Direct)
Footnotes (1)
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FAQ
What did Seagate (STX) EVP Chong Kian Fatt report in this Form 4?
He reported an equity compensation event where 678 restricted share units converted into 678 ordinary shares at a stated price of 0.0000 per share, reflecting routine vesting under Seagate’s 2022 Equity Incentive Plan rather than an open-market stock purchase or sale.
Does this Seagate Form 4 show an open-market stock sale or purchase?
No, the Form 4 shows an exercise or conversion of restricted share units into ordinary shares at 0.0000 per share. It reflects equity compensation vesting, not an open-market transaction, and therefore does not indicate a discretionary buy or sell decision in the market.