John Christopher Morris - 09 Dec 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 Dec 2024
Net transactions value
-$29,979
Form type
4
Filing time
11 Dec 2024, 16:27:09 UTC
Previous filing
22 Oct 2024
Next filing
13 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $0 +499 +6.9% $0.000000 7,690 09 Dec 2024 Direct
transaction STX Ordinary Shares Tax liability $22,565 -228 -3% $98.97 7,462 09 Dec 2024 Direct
transaction STX Ordinary Shares Sale $7,414 -75 -1% $98.85 7,387 10 Dec 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 Restricted Share Unit Options Exercise $0 -499 -12% $0.000000 3,494 09 Dec 2024 Ordinary Shares 499 Direct F2, 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 were sold under a Rule 10b5-1 trading plan adopted on February 6, 2024 by the Reporting Person.
F2 Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
F3 Consists of a grant of RSUs awarded to the reporting person under the Seagate Technology plc 2022 Equity Incentive Plan subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter vested starting on September 9, 2023 and then in equal quarterly installments thereafter.