STX Form 4: EVP Chong Receives 678 RSUs and 2,016 PSUs Vested
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) reporting shows Kian Fatt Chong, EVP Global Operations, received equity awards that vested in September 2025. On 09/11/2025 he was credited with 678 Ordinary Shares related to restricted share units and on 09/14/2025 2,016 Ordinary Shares vested after the Compensation Committee determined performance conditions were met. The filing lists 5,062 and 7,078 Ordinary Shares as the amounts beneficially owned following the 09/11 and 09/14 transactions, respectively. The Form 4 is signed by an attorney-in-fact on behalf of Chong on 09/15/2025. The awards were granted under the Seagate Technology plc 2022 Equity Incentive Plan.
Positive
- Performance conditions met for 2,016 of 2,150 Performance Share Units, which converted to Ordinary Shares on 09/14/2025
- Equity vesting increased direct holdings from 5,062 to 7,078 Ordinary Shares after the reported transactions
- Disclosure filed in accordance with Section 16 and signed by attorney-in-fact on 09/15/2025
Negative
- None.
Insights
TL;DR Insider received vested RSUs and PSUs, increasing direct share holdings by 2,694 shares in mid-September 2025.
The Form 4 documents routine equity vesting for an executive rather than open-market purchases or sales. The 678 restricted share units vested on 09/11/2025 and 2,016 performance-based restricted share units vested on 09/14/2025 after the Compensation Committee certified that performance conditions were met. Reported beneficial ownership totals changed to 5,062 and then 7,078 Ordinary Shares following each transaction. This is a standard compensation realization event under the 2022 Equity Incentive Plan and does not disclose any cash proceeds or market sales.
TL;DR Filing reflects standard, committee-certified vesting of performance awards and proper Section 16 disclosure.
The disclosure identifies the reporting person as an executive officer (EVP Global Operations) and notes the Compensation Committee determination that 2,016 of 2,150 PSUs met performance conditions. The Form 4 is executed by an attorney-in-fact and includes explanations tying awards to the Seagate 2022 Equity Incentive Plan. The filing format and explanations align with expected governance and disclosure practices for equity compensation events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Share Units | 2,016 | $0.00 | -- |
| Exercise | Performance-Based Restricted Share Units | 2,016 | $0.00 | -- |
| Exercise | Ordinary Shares | 2,016 | $0.00 | -- |
| Exercise | Restricted Share Unit | 678 | $0.00 | -- |
| Exercise | Ordinary Shares | 678 | $0.00 | -- |
Footnotes (1)
- Consists of a grant of restricted share units awarded to the reporting person under the Seagate Technology plc 2022 Equity Incentive Plan. Subject to the Reporting Person's continuous employment, one-quarter vested starting on September 11, 2024 and then in equal quarterly installments over the following three years for a total vesting period of four years. On September 14, 2025, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 2,016 of the 2,150 Performance Share Units granted on September 9, 2022. The 2,016 Ordinary Shares vested on September 14, 2025.
