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Seagate Technology (NASDAQ: STX) EVP reports RSU vesting transactions in 2025

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Seagate Technology Holdings plc reported an insider equity award transaction by its EVP & Chief Commercial Officer. On December 9, 2025, the executive acquired 599 and 663 ordinary shares at a price of $0 per share through the vesting and settlement of restricted share units (RSUs) under the company's 2022 Equity Incentive Plan.

The underlying RSU grants vest over four years, with one-quarter of the shares vesting on September 9, 2023 or September 9, 2025, and the remaining portions vesting in equal quarterly installments over the following three years, subject to continued employment. Following these transactions, the executive beneficially owned 13,303 ordinary shares directly and continued to hold additional RSUs scheduled to vest under the plan.

Positive

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Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Teh Ban Seng

(Last) (First) (Middle)
SEAGATE TECHNOLOGY HOLDINGS PLC
47488 KATO ROAD

(Street)
FREMONT CA 94538

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Seagate Technology Holdings plc [ STX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & Chief Commercial Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 12/09/2025 M 599 A $0 12,640 D
Ordinary Shares 12/09/2025 M 663 A $0 13,303 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Unit $0 12/09/2025 M 599 (1) (1) Ordinary Shares 599 $0 1,798 D
Restricted Share Unit $0 12/09/2025 M 663 (2) (2) Ordinary Shares 663 $0 7,295 D
Explanation of Responses:
1. Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "2022 Plan"). Subject to the Reporting Person's continuous employment, such RSUs vested as to one-quarter of the shares 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.
2. Consists of a grant of RSUs awarded to the Reporting Person under the 2022 Plan. Subject to the Reporting Person's continuous employment one-quarter 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.
Remarks:
/s/ Louis J. Thorson, Attorney-in-Fact for Ban Seng Teh 12/11/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Seagate Technology (STX) disclose in this Form 4?

The filing shows that Seagate Technology's EVP & Chief Commercial Officer acquired ordinary shares when restricted share units (RSUs) vested and settled into stock on December 9, 2025.

How many Seagate Technology (STX) shares were acquired in this insider transaction?

The executive acquired 599 ordinary shares in one transaction and 663 ordinary shares in a second transaction, both reported as acquisitions at a price of $0 per share.

What is the vesting schedule for the RSUs reported in this Seagate (STX) filing?

Each RSU grant vests over four years. For one grant, one-quarter vested on September 9, 2023, and for the other, one-quarter vested on September 9, 2025. In both cases, the remaining RSUs vest in equal quarterly installments over the following three years, subject to continuous employment.

What position does the reporting person hold at Seagate Technology (STX)?

The reporting person is an Officer of Seagate Technology Holdings plc, serving as EVP & Chief Commercial Officer.

Under which plan were the RSUs in this Seagate Technology (STX) Form 4 granted?

The RSUs were granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan, referred to as the "2022 Plan" in the disclosure.

At what price were the Seagate Technology (STX) ordinary shares acquired in this filing?

The ordinary shares acquired upon RSU vesting were reported at a transaction price of $0 per share, consistent with the nature of restricted share unit settlements.

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