Seagate (STX) EVP converts restricted stock units into 581 ordinary shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc executive Chong Kian Fatt reported routine equity compensation activity. On March 9, 2026, he exercised restricted share units (RSUs) into a total of 581 ordinary shares at a conversion price of $0.00 per share, reflecting vesting of prior grants.
The RSUs were granted under Seagate’s 2022 Equity Incentive Plan and vest over four years, subject to continued employment. Following these transactions, Chong holds 581 ordinary shares directly, while RSU balances from the two referenced grants stand at 404 and 3,791 units, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
581 shares exercised/converted
Mixed
4 txns
Insider
Chong Kian Fatt
Role
EVP Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 202 | $0.00 | -- |
| Exercise | Restricted Share Unit | 379 | $0.00 | -- |
| Exercise | Ordinary Shares | 202 | $0.00 | -- |
| Exercise | Ordinary Shares | 379 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 404 shares (Direct);
Ordinary Shares — 202 shares (Direct)
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 (STX) report for Chong Kian Fatt?
Seagate EVP Global Operations Chong Kian Fatt exercised restricted share units into ordinary shares. The Form 4 shows routine equity compensation vesting, not an open-market stock purchase or sale, under Seagate’s 2022 Equity Incentive Plan.
What equity awards are involved in Chong Kian Fatt’s Seagate (STX) Form 4 filing?
The filing involves restricted share units granted under Seagate’s 2022 Equity Incentive Plan. Two RSU grants continue to vest over four years, leaving post-transaction balances of 404 units in one grant and 3,791 units in the other.
Was Chong Kian Fatt’s Seagate (STX) transaction an open-market trade?
No, the transactions were not open-market trades. They reflect the exercise of restricted share units awarded as compensation, converting RSUs into ordinary shares at a $0.00 exercise price rather than buying or selling shares in the public market.
What vesting schedule applies to Chong Kian Fatt’s Seagate (STX) RSU grants?
Both RSU grants vest over four years, subject to his continuous employment. One-quarter vested on specific September 9 dates, with the remaining portions vesting in equal quarterly installments over the following three years.