Seagate Technology (NASDAQ: STX) EVP reports RSU vesting transactions in 2025
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
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 599 | $0.00 | -- |
| Exercise | Restricted Share Unit | 663 | $0.00 | -- |
| Exercise | Ordinary Shares | 599 | $0.00 | -- |
| Exercise | Ordinary Shares | 663 | $0.00 | -- |
Footnotes (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. 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.
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.
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.