John C. Morris - Sep 11, 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
Stock symbol
STX
Transactions as of
Sep 11, 2024
Transactions value $
-$230,576
Form type
4
Date filed
9/13/2024, 04:04 PM
Previous filing
Sep 11, 2024
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $0 +3.77K +50.74% $0.00 11.2K Sep 11, 2024 Direct
transaction STX Ordinary Shares Tax liability -$173K -1.69K -15.08% $102.53 9.5K Sep 11, 2024 Direct F1
transaction STX Ordinary Shares Sale -$57.6K -565 -5.95% $101.96 8.94K Sep 12, 2024 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 Restricted Share Unit Options Exercise $0 -3.77K -25% $0.00 11.3K Sep 11, 2024 Ordinary Shares 3.77K $0.00 Direct F3
* 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 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.
F2 The sale of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 6, 2024.
F3 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 11, 2024 and then in equal quarterly installments thereafter.