Gianluca Romano - Nov 29, 2023 Form 4/A - Amendment Insider Report for Seagate Technology Holdings plc (STX)

Role
EVP & CFO
Signature
/s/ Louis J. Thorson Attorney-in-Fact for Gianluca Romano
Stock symbol
STX
Transactions as of
Nov 29, 2023
Transactions value $
-$1,894,029
Form type
4/A - Amendment
Date filed
12/1/2023, 07:23 PM
Date Of Original Report
Nov 30, 2023
Previous filing
Nov 6, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $1.32M +28.8K +45.42% $45.89 92.2K Nov 29, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $745K +16.1K +17.49% $46.23 108K Nov 29, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $930K +17K +15.68% $54.78 125K Nov 29, 2023 Direct F1
transaction STX Ordinary Shares Sale -$1.94M -24.6K -19.64% $79.00 101K Nov 29, 2023 Direct F1
transaction STX Ordinary Shares Sale -$27.7K -350 -0.35% $79.01 100K Nov 29, 2023 Direct F1
transaction STX Ordinary Shares Sale -$2.92M -36.9K -36.82% $79.03 63.4K Nov 29, 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 NQ Options Options Exercise $0 -28.8K -100% $0.00* 0 Nov 29, 2023 Ordinary Shares 28.8K $45.89 Direct F1, F2
transaction STX NQ Options Options Exercise $0 -17K -100% $0.00* 0 Nov 29, 2023 Ordinary Shares 17K $54.78 Direct F1, F3
transaction STX NQ Options Options Exercise $0 -16.1K -64.52% $0.00 8.87K Nov 29, 2023 Ordinary Shares 16.1K $46.23 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The option exercise and sale of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 26, 2023, by the Reporting Person. The aggregate number of ordinary shares to be sold under this plan is 78,877.
F2 Options granted to the Reporting Person under the Seagate Technology Holdings plc 2012 Equity Incentive Plan (the "Plan") are subject to a four-year vesting schedule. Subject to continuous employment, one quarter of the options will vest on February 20, 2020. The remaining options will vest in equal monthly installments over the 36 months following February 20, 2020.
F3 Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 9, 2020. Subject to continuous employment, the remaining options vest in equal monthly installments over the 36 months following September 9, 2020.
F4 Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to continuous employment, one-quarter of the options will vest on September 9, 2021. The remaining options will vest in equal monthly installments over the 36 months following September 9, 2021.

Remarks:

Exhibit 24 - Power of Attorney attached hereto