Form 4 for STX Seagate Technology
Accepted 2023-09-12 00:00:00 ET · period of report 2023-09-09 · accession 0001137789-23-000068 · 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 | 2023-09-12 | 2023-09-09 | STX | Teh Ban Seng | EVP, Chief Commercial Off | M - OptEx | $0.00 | +13.1K | 36.6K | +56% | $0 |
| DM | 2023-09-12 | 2023-09-11 | STX | Teh Ban Seng | EVP, Chief Commercial Off | A - Grant | $0.00 | +58.0K | 15.8K | New | $0 |
| DM | 2023-09-12 | 2023-09-09 | STX | Teh Ban Seng | EVP, Chief Commercial Off | M - OptEx | $0.00 | +13.1K | 3,464 | New | $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 | 2023-09-09 | M | A | 3,464 | $0.00 | 35,224 | D | — | — | |
| 2 | Common | Ordinary Shares | 2023-09-09 | M | A | 3,475 | $0.00 | 40,106 | D | — | — | |
| 3 | Common | Ordinary Shares | 2023-09-09 | M | A | 2,396 | $0.00 | 42,502 | D | — | — | |
| 4 | Common | Ordinary Shares | 2023-09-09 | M | A | 2,340 | $0.00 | 31,760 | D | — | — | (F1) Includes 314 Ordinary Shares purchased by Reporting Person on January 31, 2023 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. (F2) This number reflects the addition of 270 shares due to an accounting error. |
| 5 | Common | Ordinary Shares | 2023-09-09 | M | A | 1,407 | $0.00 | 36,631 | D | — | — | |
| 6 | Derivative | NQ Options | 2023-09-11 | A | A | 42,180 | $0.00 | 42,180 | D | $64.31 · — to — | 42,180 Ordinary Shares | (F10) 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 11, 2024 and the remaining options vest in equal monthly installments over the 36 months following September 11, 2024. |
| 7 | Derivative | Restricted Share Unit | 2023-09-11 | A | A | 15,820 | $0.00 | 15,820 | D | $0.00 · — to — | 15,820 Ordinary Shares | (F9) 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 11, 2024 and then in equal quarterly installments thereafter. |
| 8 | Derivative | Restricted Share Unit | 2023-09-09 | M | A | 2,396 | $0.00 | 7,189 | D | — · — to — | 2,396 Ordinary Shares | (F3) Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer. (F8) 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 then in equal quarterly installments thereafter. |
| 9 | Derivative | Restricted Share Unit | 2023-09-09 | M | A | 3,475 | $0.00 | 0 | D | — · — to — | 3,475 Ordinary Shares | (F3) Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer. (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. |
| 10 | Derivative | Restricted Share Unit | 2023-09-09 | M | A | 1,407 | $0.00 | 2,816 | D | — · — to — | 1,407 Ordinary Shares | (F3) Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer. (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, 2022and each one year anniversary thereafter. |
| 11 | Derivative | Restricted Share Unit | 2023-09-09 | M | A | 2,340 | $0.00 | 0 | D | — · — to — | 2,340 Ordinary Shares | (F3) Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer. (F4) Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan the ("Plan). The RSUs will be converted into Ordinary Shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such RSUs will be settled in Ordinary Shares in equal installments on each of the first four anniversaries of September 9, 2019. |
| 12 | Derivative | Restricted Share Unit | 2023-09-09 | M | A | 3,464 | $0.00 | 3,464 | D | — · — to — | 3,464 Ordinary Shares | (F3) Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer. (F5) Consists of a grant of RSUs awarded to the Reporting Person under the Plan. The RSUs will be converted into Ordinary Shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2021 and each one year anniversary thereafter. |