John C. Morris - Dec 11, 2024 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
SVP & CTO
Signature
/s/ Louis J. Thorson, Attorney-in-Fact for John C. Morris
Stock symbol
STX
Transactions as of
Dec 11, 2024
Transactions value $
-$56,191
Form type
4
Date filed
12/13/2024, 04:57 PM
Previous filing
Dec 11, 2024
Next filing
Jan 22, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $0 +941 +12.74% $0.00 8.33K Dec 11, 2024 Direct
transaction STX Ordinary Shares Tax liability -$42.3K -430 -5.16% $98.39 7.9K Dec 11, 2024 Direct
transaction STX Ordinary Shares Sale -$13.9K -141 -1.79% $98.46 7.76K Dec 12, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STX Restricted Share Unit Options Exercise $0 -941 -8.33% $0.00 10.4K Dec 11, 2024 Ordinary Shares 941 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted on February 6, 2024 by the Reporting Person.
F2 Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
F3 Consists of a grant of RSUs awarded to the reporting person under the Seagate Technology plc 2022 Equity Incentive Plan subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter vested starting on September 11, 2024 and then in equal quarterly installments thereafter.