Seagate Technology Director Shankar Arumugavelu Acquires Shares via RSU Vesting with Tax Withholding
Seagate Technology Holdings plc
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Filing Summary
Seagate Technology Holdings plc ($STX) - Director Shankar Arumugavelu settled 1,580 RSUs into Ordinary Shares and disposed of 380 shares at $630.49 ($239,586 total value) to cover tax liabilities on 2026-10-24. Post-transaction direct beneficial ownership stands at 7,826 shares.
Comprehensive Analysis
Transaction Analysis
Overview: On October 24, 2026, Shankar Arumugavelu, a Director of Seagate Technology Holdings plc ($STX), vested 1,580 Restricted Share Units (RSUs), converting them into an equivalent number of Ordinary Shares (Transaction Code M). Concurrently, 380 Ordinary Shares were surrendered at a price of $630.49 per share to satisfy tax obligations (Transaction Code F), totaling $239,586.20.
Key Metrics:
- Gross RSUs Vested: 1,580 shares
- Shares Withheld for Taxes: 380 shares at $630.49 per share ($239,586.20 total)
- Net Shares Added: 1,200 shares
- Ending Direct Holdings: 7,826 Ordinary Shares
Significance: This transaction reflects routine equity compensation settlement and associated statutory tax withholding. Because it represents scheduled award vesting rather than discretionary open-market buying or selling, its trading significance is Low.
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