John C. Morris - Sep 9, 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
SVP, HDD & SDD Products & CTO
Signature
/s/ Steven M. Haines, Attorney-in-Fact for John C. Morris
Stock symbol
STX
Transactions as of
Sep 9, 2023
Transactions value $
-$247,948
Form type
4
Date filed
9/12/2023, 08:25 PM
Previous filing
Aug 4, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $0 +2.5K +14.45% $0.00 19.8K Sep 9, 2023 Direct
transaction STX Ordinary Shares Tax liability -$50.1K -766 -3.86% $65.37 19.1K Sep 9, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +3.85K +20.19% $0.00 22.9K Sep 9, 2023 Direct
transaction STX Ordinary Shares Tax liability -$77K -1.18K -5.14% $65.37 21.7K Sep 9, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +1.89K +8.67% $0.00 23.6K Sep 9, 2023 Direct
transaction STX Ordinary Shares Tax liability -$37.7K -577 -2.44% $65.37 23K Sep 9, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +2.04K +8.85% $0.00 25.1K Sep 9, 2023 Direct
transaction STX Ordinary Shares Tax liability -$40.9K -625 -2.49% $65.37 24.5K Sep 9, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +2K +8.16% $0.00 26.5K Sep 9, 2023 Direct
transaction STX Ordinary Shares Tax liability -$42.3K -647 -2.45% $65.37 25.8K Sep 9, 2023 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 -2.5K -100% $0.00* 0 Sep 9, 2023 Ordinary Shares 2.5K Direct F2, F3
transaction STX Restricted Share Unit Options Exercise $0 -3.85K -50% $0.00 3.85K Sep 9, 2023 Ordinary Shares 3.85K Direct F2, F4
transaction STX Restricted Share Unit Options Exercise $0 -1.89K -33.33% $0.00 3.77K Sep 9, 2023 Ordinary Shares 1.89K Direct F2, F5
transaction STX Restricted Share Unit Options Exercise $0 -2.04K -100% $0.00* 0 Sep 9, 2023 Ordinary Shares 2.04K Direct F2, F6
transaction STX Restricted Share Unit Options Exercise $0 -2K -25% $0.00 5.99K Sep 9, 2023 Ordinary Shares 2K Direct F2, F7
transaction STX Restricted Share Unit Award $0 +15.1K $0.00 15.1K Sep 11, 2023 Ordinary Shares 15.1K $0.00 Direct F8
* 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 RSUs awarded to the Reporting Person under the Seagate Technology 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 starting on September 9, 2020 and each one-year anniversary thereafter.
F4 Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vested as to one-quarter of the shares starting on September 9, 2021 and each one-year anniversary thereafter.
F5 Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vested as to one-quarter of the shares starting on September 9, 2022 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, 100% of such RSUs will vest on the first anniversary of the grant date, September 9, 2023.
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 as to one-quarter of the shares on September 9, 2023 and then in equal quarterly installments thereafter.
F8 Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUsvest as to one-quarter of the shares on September 11, 2024 and then in equal quarterly installments thereafter.