Seagate EVP/CTO Disposes $193k in Stock for Tax Withholding
Seagate Technology Holdings plc
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Filing Summary
Seagate EVP/CTO Disposes $193k in Stock for Tax Withholding
Company: Seagate Technology Holdings plc (STX) Form: 4 | Filed: 2026/03/11 Significance: Low
Insider: Morris John Christopher Title: EVP & CTO | Relationship: Officer
Transaction: • Type: Sell (Tax Withholding) • Shares: 516 • Price: $374.33 • Value: $193,154 • Owned After: 17,180
Key Insight: Routine "sell to cover" transaction (Code F) to satisfy tax obligations related to RSU vesting. Not an open market sale.
Market Context: Transaction represents <0.001% of market cap ($76.94B). Neutral event.
Comprehensive Analysis
SEC Filing Analysis: Seagate Technology Holdings plc (STX)
Executive Summary
- Trading Significance: Low
- Key Takeaway: EVP & CTO John Morris executed a routine "sell to cover" transaction to pay taxes on vested RSUs.
- Market Impact: Neutral - This is an administrative transaction with no signaling value.
Company Information
| Field | Value |
|---|---|
| Company | Seagate Technology Holdings plc |
| Ticker Symbol | STX |
| CIK | 0001137789 |
| Industry | Computer Storage Devices |
Insider Information
| Field | Value |
|---|---|
| Name | Morris John Christopher |
| CIK | 0001988271 |
| Title/Position | EVP & CTO |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-03-09 |
| Transaction Code | F (Payment of tax liability by withholding securities) |
| Security Type | Ordinary Shares |
| Shares Disposed | 516 |
| Price Per Share | $374.33 |
| Total Value | $193,154.28 |
| Shares Owned After | 17,180 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $193,154 |
| % of Market Cap | ~0.00025% |
| Shares Transacted | 516 |
| % of Shares Outstanding | ~0.00023% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market cap of $76.94 billion, a $193k transaction is negligible.
- Transaction Significance: The transaction code 'F' indicates shares were withheld by the company to pay for taxes associated with the vesting of Restricted Stock Units (RSUs). This is not an open market sale and does not reflect insider sentiment.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The transaction volume is immaterial relative to the company's size and daily liquidity. The nature of the trade (tax withholding) removes any bearish signal typically associated with insider selling.
Volume & Sentiment
- Expected Volume Impact: None.
- Sentiment Indicator: Neutral.
Additional Context
Transaction Notes
- Vesting Details: The reporting person acquired a total of 1,130 shares via RSU vesting (Code M) at $0 cost immediately prior to the disposition.
- Net Change: The insider actually increased their net holding by 614 shares (1,130 vested - 516 withheld for taxes).
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.