Seagate (STX) Insider Form 4: Multiple RSU Vestings Reported on 09/09/2025
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) Form 4 filed for Kian Fatt Chong, EVP Global Operations, reports transactions dated 09/09/2025 consisting of multiple grants of Restricted Share Units (RSUs) that vested or partially vested and converted to Ordinary Shares and a small ESPP purchase previously acquired on July 31, 2025 that is exempt from reporting under Rule 16b-3.
The filing shows RSU-related acquisitions of 1,198; 201; 1,516; and 560 Ordinary Shares (each recorded with Transaction Code M and $0 price) and indicates the Reporting Person beneficially owned 4,384 Ordinary Shares after the final listed transaction. The Form is signed by an attorney-in-fact on 09/11/2025.
Positive
- Form 4 discloses multiple RSU vestings converting to Ordinary Shares on 09/09/2025, reflecting transparent insider compensation reporting
- Reporting Person beneficially owned 4,384 Ordinary Shares following the reported transactions, as stated in the filing
- Includes a 30-share ESPP purchase on July 31, 2025 that is explicitly noted as exempt under Rule 16b-3
Negative
- None.
Insights
TL;DR: Routine insider vesting and an ESPP purchase increased the reporting person's direct share count; no sales or exercised options reported.
The Form 4 documents standard equity compensation events: four RSU vesting transactions and a small Employee Stock Purchase Plan acquisition of 30 shares (exempt under Rule 16b-3). All transactions are coded "M," reflect $0 price consistent with vesting, and increase direct beneficial ownership to the reported totals. There are no cash proceeds, dispositions, or derivative exercisable positions disclosed in this filing. For investors, this is a disclosure of compensation-related share accrual rather than a change driven by market trading.
TL;DR: Disclosure reflects standard compensation vesting schedule and compliance with Section 16 reporting; timing aligns with multi-year vesting terms.
The explanatory notes specify the RSUs were granted under the issuer's Equity Incentive Plan with multi-year vesting schedules (one-quarter at anniversaries or quarterly installments thereafter). One RSU grant vested 100% on the first anniversary. The filing includes the required signature by an attorney-in-fact. This Form 4 fulfills insider reporting obligations and documents no unusual or ad hoc transfers.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 1,198 | $0.00 | -- |
| Exercise | Restricted Share Unit | 201 | $0.00 | -- |
| Exercise | Restricted Share Unit | 1,516 | $0.00 | -- |
| Exercise | Restricted Share Unit | 560 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,198 | $0.00 | -- |
| Exercise | Ordinary Shares | 201 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,516 | $0.00 | -- |
| Exercise | Ordinary Shares | 560 | $0.00 | -- |
Footnotes (1)
- Includes 30 Ordinary Shares purchased by Reporting Person on July 31, 2025 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934. Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology plc Equity Incentive Plan (the "Plan"). Subject to the Reporting Person's continuous employment, one-quarter of the shares vested starting on September 9, 2022 and each one-year anniversary thereafter for a total vesting period of four years. Consists of a grant of RSUs awarded to the reporting person under the Plan. Subject to the Reporting Person's continuous employment, one-quarter of the shares vested on September 9, 2023 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years. Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment 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. Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Such RSUs vested 100% on September 9, 2025, the first anniversary of the grant.
