Michael R. Cannon - 20 Oct 2022 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
Director
Signature
/s/ Abrahram S. Barrera, Attorney-in-Fact for Michael R. Cannon
Issuer symbol
STX
Transactions as of
20 Oct 2022
Net transactions value
-$76,840
Form type
4
Filing time
24 Oct 2022, 19:29:36 UTC
Previous filing
16 Nov 2021
Next filing
14 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $0 +4,024 +17% $0.000000 27,941 20 Oct 2022 Direct
transaction STX Ordinary Shares Tax liability $76,840 -1,449 -5.2% $53.03 26,492 20 Oct 2022 Direct F1
holding STX Ordinary Shares 6,885 20 Oct 2022 Michael R. Cannon Trust

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 -4,024 -100% $0.000000* 0 20 Oct 2022 Ordinary Shares 4,024 $0.000000 Direct F2
transaction STX Restricted Share Unit Award $0 +4,840 $0.000000 4,840 24 Oct 2022 Ordinary Shares 4,840 $0.000000 Direct F3
* 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 Restricted Share Units ("RSUs").
F2 Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. The award vested one year from the date of grant following the end of the fiscal year ending July 1, 2022.
F3 Consists of a grant of restricted share units (RSUs) awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan for no consideration. Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. Subject to the Reporting Person's continuous service with the Issuer, shares will be released to the Reporting Person on the earlier of (i) one year from the date of grant and (ii) the date of the next annual general meeting of shareholders of the Issuer following the end of the fiscal year ending on June 30, 2023, provided such annual general meeting is at least fifty (50) weeks after the immediately preceding fiscal year's annual general meeting.

Remarks:

Exhibit 24 - Power of Attorney attached hereto