William D. Mosley - Dec 8, 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
Chief Executive Officer, Director
Signature
/s/ Louis J. Thorson, Attorney-in-Fact for William D. Mosley
Stock symbol
STX
Transactions as of
Dec 8, 2023
Transactions value $
-$7,658,545
Form type
4
Date filed
12/12/2023, 04:52 PM
Previous filing
Sep 19, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $4.74M +153K +22.9% $30.95 822K Dec 8, 2023 Direct
transaction STX Ordinary Shares Sale -$12.3M -153K -18.63% $80.21 669K Dec 8, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +2.81K +0.42% $0.00 672K Dec 9, 2023 Direct
transaction STX Ordinary Shares Sale -$113K -1.4K -0.21% $80.59 670K Dec 9, 2023 Direct F2

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 -153K -100% $0.00* 0 Dec 8, 2023 Ordinary Shares 153K $30.95 Direct F3
transaction STX Restricted Share Unit Options Exercise $0 -2.81K -8.33% $0.00 31K Dec 9, 2023 Ordinary Shares 2.81K Direct F4, F5
* 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 June 1, 2023, by the Reporting Person.
F2 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.
F3 Options granted to the Reporting Person under the Issuer's 2012 Equity Incentive Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 9, 2017, the remaining options vested in equal monthly installments over the 36 months following September 9, 2017.
F4 Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
F5 Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive 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.