John Christopher Morris - 09 Sep 2024 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
SVP & CTO
Signature
/s/ Louis J. Thorson, Attorney-in-Fact for John C. Morris
Issuer symbol
STX
Transactions as of
09 Sep 2024
Net transactions value
-$1,146,712
Form type
4
Filing time
11 Sep 2024, 16:10:55 UTC
Previous filing
13 Jun 2024
Next filing
13 Sep 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 +3,848 +31% $0.000000 16,360 09 Sep 2024 Direct F1
transaction STX Ordinary Shares Tax liability $119,379 -1,178 -7.2% $101.34 15,182 09 Sep 2024 Direct F2
transaction STX Ordinary Shares Options Exercise $0 +1,885 +12% $0.000000 17,067 09 Sep 2024 Direct
transaction STX Ordinary Shares Tax liability $58,473 -577 -3.4% $101.34 16,490 09 Sep 2024 Direct F2
transaction STX Ordinary Shares Options Exercise $0 +499 +3% $0.000000 16,989 09 Sep 2024 Direct
transaction STX Ordinary Shares Tax liability $15,505 -153 -0.9% $101.34 16,836 09 Sep 2024 Direct F2
transaction STX Ordinary Shares Sale $953,356 -9,414 -56% $101.27 7,422 10 Sep 2024 Direct F3

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 -3,848 -100% $0.000000 0 09 Sep 2024 Ordinary Shares 3,848 $0.000000 Direct F4
transaction STX Restricted Share Unit Options Exercise $0 -1,885 -50% $0.000000 1,885 09 Sep 2024 Ordinary Shares 1,885 $0.000000 Direct F5
transaction STX Restricted Share Unit Options Exercise $0 -499 -11% $0.000000 3,993 09 Sep 2024 Ordinary Shares 499 $0.000000 Direct F6
transaction STX Restricted Share Unit Award $0 +560 $0.000000 560 09 Sep 2024 Ordinary Shares 560 $0.000000 Direct F7
transaction STX Restricted Share Unit Award $0 +10,105 $0.000000 10,105 09 Sep 2024 Ordinary Shares 10,105 $0.000000 Direct F8
* 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 Includes (i) 158 Ordinary Shares purchased by Reporting Person on January 31, 2024; and (ii) 169 Ordinary Shares purchased by Reporting Person on July 31, 2024, in each case, under the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
F2 These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of restricted share units previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3.
F3 These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person on February 6, 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, 2021 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, 2022 and each one-year anniversary thereafter.
F6 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 then in equal quarterly installments thereafter.
F7 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.
F8 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 the remaining portion shall vest in equal quarterly installments thereafter.