Ban Seng Teh - 09 Sep 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
EVP & Chief Commercial Officer
Signature
/s/ Steven M. Haines, Attorney-in-Fact for Ban Seng Teh
Issuer symbol
STX
Transactions as of
09 Sep 2023
Net transactions value
$0
Form type
4
Filing time
12 Sep 2023, 20:16:25 UTC
Previous filing
14 Sep 2022
Next filing
19 Sep 2023
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 +2,340 +8% $0.000000 31,760 09 Sep 2023 Direct F1, F2
transaction STX Ordinary Shares Options Exercise $0 +3,464 +11% $0.000000 35,224 09 Sep 2023 Direct
transaction STX Ordinary Shares Options Exercise $0 +1,407 +4% $0.000000 36,631 09 Sep 2023 Direct
transaction STX Ordinary Shares Options Exercise $0 +3,475 +9.5% $0.000000 40,106 09 Sep 2023 Direct
transaction STX Ordinary Shares Options Exercise $0 +2,396 +6% $0.000000 42,502 09 Sep 2023 Direct

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 +2,340 $0.000000* 0 09 Sep 2023 Ordinary Shares 2,340 Direct F3, F4
transaction STX Restricted Share Unit Options Exercise $0 +3,464 $0.000000 3,464 09 Sep 2023 Ordinary Shares 3,464 Direct F3, F5
transaction STX Restricted Share Unit Options Exercise $0 +1,407 +100% $0.000000 2,816 09 Sep 2023 Ordinary Shares 1,407 Direct F3, F6
transaction STX Restricted Share Unit Options Exercise $0 +3,475 $0.000000* 0 09 Sep 2023 Ordinary Shares 3,475 Direct F3, F7
transaction STX Restricted Share Unit Options Exercise $0 +2,396 +50% $0.000000 7,189 09 Sep 2023 Ordinary Shares 2,396 Direct F3, F8
transaction STX Restricted Share Unit Award $0 +15,820 $0.000000 15,820 11 Sep 2023 Ordinary Shares 15,820 $0.000000 Direct F9
transaction STX NQ Options Award $0 +42,180 $0.000000 42,180 11 Sep 2023 Ordinary Shares 42,180 $64.31 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 314 Ordinary Shares purchased by Reporting Person on January 31, 2023 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
F2 This number reflects the addition of 270 shares due to an accounting error.
F3 Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
F4 Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan the ("Plan). The RSUs will be converted into Ordinary Shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such RSUs will be settled in Ordinary Shares in equal installments on each of the first four anniversaries of September 9, 2019.
F5 Consists of a grant of RSUs awarded to the Reporting Person under the Plan. The RSUs will be converted into Ordinary Shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2021 and each one year anniversary thereafter.
F6 Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2022and each one year anniversary thereafter.
F7 Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest in full on September 9, 2023.
F8 Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2023 and then in equal quarterly installments thereafter.
F9 Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 11, 2024 and then in equal quarterly installments thereafter.
F10 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 11, 2024 and the remaining options vest in equal monthly installments over the 36 months following September 11, 2024.