Seagate Technology Holdings plc EVP & CTO Reports Sell-to-Cover Transaction
Seagate Technology Holdings plc
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Filing Summary
Form 4 Alert: Seagate Technology Holdings plc ($STX) Insider: Morris John Christopher (EVP & CTO) Action: Sale (Sell to Cover) Shares Transacted: 492.75 shares @ $781.23 Total Value: $384,952.32 Shares Remaining: 16,467.75 Significance: Low (Issuer-mandated tax withholding)
Comprehensive Analysis
Insider Filing Analysis: Seagate Technology Holdings plc (STX)
Executive Summary
On September 15, 2026, John Christopher Morris, Executive Vice President and Chief Technology Officer of Seagate Technology Holdings plc, reported transactions involving ordinary shares under Form 4.
Transaction Details
- Date of Transaction: September 14, 2026 (vesting settled September 11, 2026)
- RSU Conversion (Code M): 942 Restricted Share Units were converted into ordinary shares at $0.00.
- Sale (Code S): 492.75 ordinary shares were sold at an average price of $781.2325 per share, amounting to approximately $384,952.32.
- Ownership Post-Transaction: Morris directly retains 16,467.75 ordinary shares and 3,768 unvested RSUs.
Context and Market Impact
- Nature of Sale: Footnote 1 specifies that this disposition was an issuer-mandated "sell-to-cover" transaction intended solely to satisfy tax withholding liabilities resulting from the vesting of RSUs.
- Significance: Low. The disposition does not represent a discretionary market sale or a shift in executive sentiment.
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