William D. Mosley - Sep 9, 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
Chief Executive Officer, Director
Signature
/s/ Steven M. Haines, Attorney-in-Fact for William D. Mosley
Stock symbol
STX
Transactions as of
Sep 9, 2023
Transactions value $
-$998,461
Form type
4
Date filed
9/12/2023, 08:30 PM
Previous filing
Sep 5, 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 +9.01K +1.46% $0.00 625K Sep 9, 2023 Direct
transaction STX Ordinary Shares Tax liability -$292K -4.47K -0.71% $65.37 621K Sep 9, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +10.5K +1.7% $0.00 631K Sep 9, 2023 Direct
transaction STX Ordinary Shares Tax liability -$342K -5.23K -0.83% $65.37 626K Sep 9, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +11.3K +1.8% $0.00 637K Sep 9, 2023 Direct
transaction STX Ordinary Shares Tax liability -$365K -5.58K -0.88% $65.37 632K 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 -9.01K -33.33% $0.00 18K Sep 9, 2023 Ordinary Shares 9.01K Direct F2, F3
transaction STX Restricted Share Unit Options Exercise $0 -10.5K -100% $0.00* 0 Sep 9, 2023 Ordinary Shares 10.5K Direct F2, F4
transaction STX Restricted Share Unit Options Exercise $0 -11.3K -25% $0.00 33.8K Sep 9, 2023 Ordinary Shares 11.3K Direct F2, F5
transaction STX Restricted Share Unit Award $0 +53.1K $0.00 53.1K Sep 11, 2023 Ordinary Shares 53.1K $0.00 Direct F6
transaction STX NQ Options Award $0 +142K $0.00 142K Sep 11, 2023 Ordinary Shares 142K $64.31 Direct F7
* 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 "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 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.
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 vest as to one-quarter of the shares on September 9, 2023 and then in equal quarterly installments 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 11, 2024 and then in equal quarterly installments thereafter.
F7 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.