John C. Morris - Oct 19, 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
Oct 19, 2024
Transactions value $
-$306,736
Form type
4
Date filed
10/22/2024, 06:14 PM
Previous 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 +3.52K +55.02% $0.00 9.93K Oct 19, 2024 Direct
transaction STX Ordinary Shares Tax liability -$180K -1.61K -16.18% $112.12 8.32K Oct 19, 2024 Direct F1
transaction STX Ordinary Shares Sale -$127K -1.13K -13.59% $111.90 7.19K Oct 22, 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 Performance-Based Restricted Share Units Award $0 +3.52K $0.00 3.52K Oct 19, 2024 Ordinary Shares 3.52K $0.00 Direct F3
transaction STX Performance-Based Restricted Share Units Options Exercise $0 -3.52K -100% $0.00 0 Oct 19, 2024 Ordinary Shares 3.52K $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 Performance Share Units in accordance with Rule 16b-3.
F2 These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person on February 6, 2024.
F3 On October 19, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 3,524 of the 7,540 Performance Share Units granted on September 9, 2021. The 3,524 Ordinary Shares vested on October 19, 2024.