Seagate Technology Holdings plc EVP & CFO Gianluca Romano Exercises Options & Sells Over $41.8M in Stock

Insider Trading Summary: Seagate Technology Holdings plc (STX)

Overview

On September 11, 2026, Gianluca Romano, Executive Vice President and Chief Financial Officer of Seagate Technology Holdings plc, executed a substantial series of option exercises and subsequent open-market share sales pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on April 30, 2026.

Key Transaction Details

• Derivative Exercises (Code M):

  • Exercised 8,517 options at $68.83 per share
  • Exercised 15,067 options at $64.31 per share
  • Exercised 13,475 options at $101.34 per share
  • Exercised 13,439 options at $158.40 per share
  • Total Shares Acquired via Exercise: 50,498 shares

• Open Market Dispositions (Code S):

  • Total Shares Sold: 50,498 shares
  • Price Range: $818.88 – $843.95 per share
  • Total Gross Sale Proceeds: ~$41,890,351.48
  • Average Realized Price: ~$829.54 per share

• Post-Transaction Holdings:

  • Direct beneficial ownership following these transactions stands at 34,220 Ordinary Shares, alongside remaining unexercised options across multiple grant tranches.

Analysis & Context

• Trading Plan: Because all transactions were carried out under a Rule 10b5-1 trading plan established months earlier, they reflect scheduled algorithmic diversification rather than immediate opportunistic trading based on material non-public information.
• Impact: While the absolute dollar value ($41.9M+) is significant, the net effect was an exercise-and-sell transaction (cashless/same-day exercise strategy), leaving the reporting person with 34,220 directly held shares plus retained option positions.