Jeffrey D. Nygaard - Sep 9, 2021 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
Executive Vice President
Signature
/s/ Jamie Amentler, Attorney-in-Fact for Jeffrey D. Nygaard
Stock symbol
STX
Transactions as of
Sep 9, 2021
Transactions value $
-$277,829
Form type
4
Date filed
9/14/2021, 10:56 AM
Previous filing
Aug 27, 2021
Next filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Tax liability -$139K -1.59K -8.2% $87.34 17.8K Sep 9, 2021 Direct F1
transaction STX Ordinary Shares Tax liability -$139K -1.59K -8.97% $87.34 16.2K Sep 9, 2021 Direct F1
holding STX Ordinary Shares 59.1K Sep 9, 2021 Jeffrey D. Nygaard Revocable Trust U/A Dated August 17, 2009

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 Award $0 +10.5K $0.00 10.5K Sep 9, 2021 Ordinary Shares 10.5K Direct F2, F3
transaction STX NQ Options Award $0 +27.9K $0.00 27.9K Sep 9, 2021 Ordinary Shares 27.9K $87.34 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3.
F2 Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
F3 Consists of a grant of restricted share units awarded to the Reporting Person under the Seagate Technology Holdings plc 2012 Equity Incentive Plan (the "Plan"). Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9. 2022 and each one-year anniversary thereafter.
F4 Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one quarter of the options will vest on September 9, 2022 and the remaining options will vest in equal monthly installments over the 36 months following September 9, 2022.