Form 4 for STX Seagate Technology
Accepted 2022-09-13 00:00:00 ET · period of report 2022-09-09 · accession 0001137789-22-000072 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-09-13 | 2022-09-09+ | STX | Nygaard Jeffrey D. | EVP, Ops, Technology | F - Tax | $68.83 | -6,948 | 11.7K | -37% | -$478.2K |
| D | 2022-09-13 | 2022-09-09 | STX | Nygaard Jeffrey D. | EVP, Ops, Technology | M - OptEx | $0.00 | +2,615 | 12.7K | +26% | $0 |
| DM | 2022-09-13 | 2022-09-09 | STX | Nygaard Jeffrey D. | EVP, Ops, Technology | A - Grant | $0.00 | +38.2K | 25.6K | New | $0 |
| D | 2022-09-13 | 2022-09-09 | STX | Nygaard Jeffrey D. | EVP, Ops, Technology | M - OptEx | $0.00 | -2,615 | 7,845 | -25% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2022-09-09 | F | D | 1,594 | $68.83 | 10,062 | D | — | — | (F1) These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3. |
| 2 | Common | Ordinary Shares | 2022-09-09 | M | A | 2,615 | $0.00 | 12,677 | D | — | — | |
| 3 | Common | Ordinary Shares | 2022-09-09 | F | D | 1,148 | $68.83 | 11,529 | D | — | — | (F1) These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3. |
| 4 | Common | Ordinary Shares | 2022-09-10 | F | D | 2,619 | $68.83 | 8,910 | D | — | — | (F1) These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3. |
| 5 | Common | Ordinary Shares | 2022-09-09 | F | D | 1,587 | $68.83 | 11,656 | D | — | — | (F1) These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3. (F3) Due to an administrative error, the prior ending shares were incorrectly reported. (F2) Includes 35 Ordinary Shares purchased by Reporting Person on July 29, 2022 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934. |
| 6 | Derivative | Restricted Share Unit | 2022-09-09 | A | A | 9,585 | $0.00 | 9,585 | D | $0.00 · — to — | 9,585 Ordinary Shares | (F6) Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2023 and each quarter thereafter. |
| 7 | Derivative | Restricted Share Unit | 2022-09-09 | M | D | 2,615 | $0.00 | 7,845 | D | — · — to — | 2,615 Ordinary Shares | (F4) Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. (F5) Consists of a grant of restricted share units awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2022 and each one-year anniversary thereafter. |
| 8 | Derivative | Restricted Share Unit | 2022-09-09 | A | A | 3,070 | $0.00 | 3,070 | D | $0.00 · — to — | 3,070 Ordinary Shares | (F7) Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest in full on September 9, 2023. |
| 9 | Derivative | NQ Options | 2022-09-09 | A | A | 25,560 | $0.00 | 25,560 | D | $68.83 · — to — | 25,560 Ordinary Shares | (F8) Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter of the options will vest on September 9, 2023 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2023. |