Seagate Technology Director Richard L. Clemmer Settles RSUs and Withholds Shares for Taxes
Seagate Technology Holdings plc
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Filing Summary
# Insider Trade Alert: Seagate Technology Holdings plc (STX)
**Insider**: Richard L. Clemmer (Director)
**Date**: 2026-10-24
### Summary
- **Transaction**: Tax Withholding (Code F)
- **Shares Withheld**: 380 @ $630.49
- **Value Withheld**: $239,586.20
- **RSUs Vested**: 1,580 Ordinary Shares
- **RSUs Granted**: 345 units
- **Direct Holdings Post-Transaction**: 30,904 shares
- **Indirect Holdings (Spouse)**: 3,867 shares
*Routine compensation event involving annual RSU vesting, share withholding for taxes, and an RSU grant.*
Comprehensive Analysis
Executive Summary
On October 26, 2026, Seagate Technology Holdings plc (NASDAQ: STX) filed a Form 4 on behalf of Director Richard L. Clemmer. The filing reflects routine equity compensation transactions completed on October 24, 2026, comprising RSU vesting, share withholding for tax liability, and a new director equity grant.
Transaction Breakdown
- RSU Settlement (Code M): 1,580 Restricted Share Units (RSUs) awarded on October 25, 2025 vested and converted into 1,580 Ordinary Shares on a 1-for-1 basis at $0 exercise price.
- Tax Withholding (Code F): Clemmer disposed of 380 Ordinary Shares at a price of $630.49 per share to satisfy statutory tax obligations, amounting to an aggregate value of $239,586.20.
- New Equity Grant (Code A): Clemmer was granted 345 new RSUs under the 2022 Equity Incentive Plan for no consideration, scheduled to vest at the earlier of one year from the grant date or the next annual shareholder meeting.
Ownership Structure
Following these transactions, Clemmer directly holds 30,904 Ordinary Shares and 345 unvested RSUs. Additionally, 3,867 Ordinary Shares are held indirectly by his spouse.
Significance
The trading significance is assessed as Low. The disposition of shares was purely for statutory tax withholding pursuant to equity vesting and does not represent discretionary open-market insider selling.
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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.
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