Gianluca Romano - 20 Jul 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
Issuer symbol
STX
Transactions as of
20 Jul 2024
Net transactions value
-$760,455
Form type
4
Filing time
11 Sep 2024, 16:10:43 UTC
Previous filing
11 Jun 2024
Next filing
09 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $0 +3,614 +6.9% $0.000000 56,234 09 Sep 2024 Direct
transaction STX Ordinary Shares Tax liability $185,148 -1,827 -3.2% $101.34 54,407 09 Sep 2024 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +7,257 +13% $0.000000 61,664 09 Sep 2024 Direct
transaction STX Ordinary Shares Tax liability $371,715 -3,668 -5.9% $101.34 57,996 09 Sep 2024 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +3,016 +5.2% $0.000000 61,012 09 Sep 2024 Direct
transaction STX Ordinary Shares Tax liability $154,442 -1,524 -2.5% $101.34 59,488 09 Sep 2024 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +958 +1.6% $0.000000 60,446 09 Sep 2024 Direct
transaction STX Ordinary Shares Tax liability $49,150 -485 -0.8% $101.34 59,961 09 Sep 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 +3,614 $0.000000 3,614 20 Jul 2024 Ordinary Shares 3,614 $0.000000 Direct F2
transaction STX Performance-Based Restricted Share Units Award $0 +7,257 $0.000000 7,257 20 Jul 2024 Ordinary Shares 7,257 $0.000000 Direct F3
transaction STX Performance-Based Restricted Share Units Options Exercise $0 -3,614 -100% $0.000000 0 09 Sep 2024 Ordinary Shares 3,614 $0.000000 Direct F2
transaction STX Performance-Based Restricted Share Units Options Exercise $0 -7,257 -100% $0.000000 0 09 Sep 2024 Ordinary Shares 7,257 $0.000000 Direct F3
transaction STX Restricted Share Unit Options Exercise $0 -3,016 -50% $0.000000 3,017 09 Sep 2024 Ordinary Shares 3,016 $0.000000 Direct F4
transaction STX Restricted Share Unit Options Exercise $0 -958 -11% $0.000000 7,666 09 Sep 2024 Ordinary Shares 958 $0.000000 Direct F5
transaction STX NQ Options Award $0 +64,680 $0.000000 64,680 09 Sep 2024 Ordinary Shares 64,680 $101.34 Direct F6
transaction STX Restricted Share Unit Award $0 +24,250 $0.000000 24,250 09 Sep 2024 Ordinary Shares 24,250 $0.000000 Direct F7
transaction STX Restricted Share Unit Award $0 +3,035 $0.000000 3,035 09 Sep 2024 Ordinary Shares 3,035 $0.000000 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.