Gianluca Romano - Jul 20, 2024 Form 4 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
Jul 20, 2024
Transactions value $
-$760,455
Form type
4
Date filed
9/11/2024, 04:10 PM
Previous filing
Jun 11, 2024
Next filing
Aug 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $0 +3.61K +6.87% $0.00 56.2K Sep 9, 2024 Direct
transaction STX Ordinary Shares Tax liability -$185K -1.83K -3.25% $101.34 54.4K Sep 9, 2024 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +7.26K +13.34% $0.00 61.7K Sep 9, 2024 Direct
transaction STX Ordinary Shares Tax liability -$372K -3.67K -5.95% $101.34 58K Sep 9, 2024 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +3.02K +5.2% $0.00 61K Sep 9, 2024 Direct
transaction STX Ordinary Shares Tax liability -$154K -1.52K -2.5% $101.34 59.5K Sep 9, 2024 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +958 +1.61% $0.00 60.4K Sep 9, 2024 Direct
transaction STX Ordinary Shares Tax liability -$49.1K -485 -0.8% $101.34 60K Sep 9, 2024 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 Performance-Based Restricted Share Units Award $0 +3.61K $0.00 3.61K Jul 20, 2024 Ordinary Shares 3.61K $0.00 Direct F2
transaction STX Performance-Based Restricted Share Units Award $0 +7.26K $0.00 7.26K Jul 20, 2024 Ordinary Shares 7.26K $0.00 Direct F3
transaction STX Performance-Based Restricted Share Units Options Exercise $0 -3.61K -100% $0.00 0 Sep 9, 2024 Ordinary Shares 3.61K $0.00 Direct F2
transaction STX Performance-Based Restricted Share Units Options Exercise $0 -7.26K -100% $0.00 0 Sep 9, 2024 Ordinary Shares 7.26K $0.00 Direct F3
transaction STX Restricted Share Unit Options Exercise $0 -3.02K -49.99% $0.00 3.02K Sep 9, 2024 Ordinary Shares 3.02K $0.00 Direct F4
transaction STX Restricted Share Unit Options Exercise $0 -958 -11.11% $0.00 7.67K Sep 9, 2024 Ordinary Shares 958 $0.00 Direct F5
transaction STX NQ Options Award $0 +64.7K $0.00 64.7K Sep 9, 2024 Ordinary Shares 64.7K $101.34 Direct F6
transaction STX Restricted Share Unit Award $0 +24.3K $0.00 24.3K Sep 9, 2024 Ordinary Shares 24.3K $0.00 Direct F7
transaction STX Restricted Share Unit Award $0 +3.04K $0.00 3.04K Sep 9, 2024 Ordinary Shares 3.04K $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 On July 20, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 3,614 of the 14,458 Threshold Performance Share Units granted to Mr. Romano on September 9, 2019. The 3,614 Ordinary Shares vested on September 9, 2024.
F3 On July 20, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 7,257 of the 14,515 Threshold Performance Share Units granted to Mr. Romano on September 9, 2020. The 7,257 Ordinary Shares vested on September 9, 2024.
F4 Consists of a grant of RSUs awarded to the Reporting Person subject to a four-year vesting schedule. 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.
F5 Consists of a grant of RSUs awarded to the Reporting Person subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2023 and each quarter thereafter.
F6 Options granted to the Reporting Person are subject to a four-year vesting schedule. Subject to continuous employment, one-quarter shall vest starting on September 9, 2025 and then in equal quarterly installments thereafter.
F7 Consists of a grant of RSUs awarded to the reporting person subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter shall vest starting on September 9, 2025 and then in equal quarterly installments thereafter.
F8 Consists of a grant of RSUs awarded to the Reporting Person. Subject to the Reporting Person's continuous employment, 100% shall vest on September 9, 2025.