Seagate Technology EVP & CFO Gianluca Romano Sells Shares for Tax Withholding
Seagate Technology Holdings plc
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Filing Summary
STX Form 4: Executive Officer Transaction • Insider: Gianluca Romano (EVP & CFO) • Issuer: Seagate Technology Holdings plc ($STX) • Transaction: Mandated Sell-to-Cover (49,983.5 shares at $772.16) • Total Value: ~$38.60M • Direct Post-Transaction Holdings: 70,756.5 shares • Significance: Low (Automatic tax withholding sale following PSU vesting)
Comprehensive Analysis
Insider Filing Overview: Seagate Technology Holdings plc ($STX)
Gianluca Romano, Executive Vice President and Chief Financial Officer of Seagate Technology Holdings plc, reported transactions involving ordinary shares and performance-based equity awards.
Key Highlights:
- PSU Vesting & Settlement: On September 14, 2026, Romano settled 90,380 Performance-Based Restricted Share Units (granted September 11, 2023) into 90,380 Ordinary Shares following performance certification by the Compensation and People Committee.
- Tax Withholding Disposition: On September 15, 2026, Romano disposed of 49,983.5 shares at a weighted average price of $772.1573 per share, generating a transaction value of approximately $38,595,110.18.
- Mandated Sale Nature: As noted in the filing, this sale was conducted pursuant to an issuer-mandated sell-to-cover program solely to cover tax withholding liabilities arising from the vesting of the PSUs.
- Post-Transaction Position: Following these transactions, Romano directly holds 70,756.5 Ordinary Shares.
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