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Seagate Technology — Director's Dealing 2024
Sep 11, 2024
9954_dirs_2024-09-11_3a27ac06-dc26-4a3e-ac6c-70761dc34239.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Seagate Technology Holdings plc (STX)
CIK: 0001137789
Period of Report: 2024-07-20
Reporting Person: Romano Gianluca (EVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-09-09 | Ordinary Shares | M | 3614 | — | Acquired | 56234 | Direct |
| 2024-09-09 | Ordinary Shares | F | 1827 | $101.34 | Disposed | 54407 | Direct |
| 2024-09-09 | Ordinary Shares | M | 7257 | — | Acquired | 61664 | Direct |
| 2024-09-09 | Ordinary Shares | F | 3668 | $101.34 | Disposed | 57996 | Direct |
| 2024-09-09 | Ordinary Shares | M | 3016 | — | Acquired | 61012 | Direct |
| 2024-09-09 | Ordinary Shares | F | 1524 | $101.34 | Disposed | 59488 | Direct |
| 2024-09-09 | Ordinary Shares | M | 958 | — | Acquired | 60446 | Direct |
| 2024-09-09 | Ordinary Shares | F | 485 | $101.34 | Disposed | 59961 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-07-20 | Performance-Based Restricted Share Units | $0 | A | 3614 | Acquired | Ordinary Shares (3614) | Direct | |
| 2024-07-20 | Performance-Based Restricted Share Units | $0 | A | 7257 | Acquired | Ordinary Shares (7257) | Direct | |
| 2024-09-09 | Performance-Based Restricted Share Units | $0 | M | 3614 | Disposed | Ordinary Shares (3614) | Direct | |
| 2024-09-09 | Performance-Based Restricted Share Units | $0 | M | 7257 | Disposed | Ordinary Shares (7257) | Direct | |
| 2024-09-09 | Restricted Share Unit | $0 | M | 3016 | Disposed | Ordinary Shares (3016) | Direct | |
| 2024-09-09 | Restricted Share Unit | $0 | M | 958 | Disposed | Ordinary Shares (958) | Direct | |
| 2024-09-09 | NQ Options | $101.34 | A | 64680 | Acquired | 2031-09-09 | Ordinary Shares (64680) | Direct |
| 2024-09-09 | Restricted Share Unit | $0 | A | 24250 | Acquired | Ordinary Shares (24250) | Direct | |
| 2024-09-09 | Restricted Share Unit | $0 | A | 3035 | Acquired | Ordinary Shares (3035) | Direct |
Footnotes
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.
F2: On July 20, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 3,614 of the 14,458 Threshold Performance Share Units granted to Mr. Romano on September 9, 2019. The 3,614 Ordinary Shares vested on September 9, 2024.
F3: On July 20, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 7,257 of the 14,515 Threshold Performance Share Units granted to Mr. Romano on September 9, 2020. The 7,257 Ordinary Shares vested on September 9, 2024.
F4: Consists of a grant of RSUs awarded to the Reporting Person subject to a four-year vesting schedule. 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.
F5: Consists of a grant of RSUs awarded to the Reporting Person subject to a four-year vesting schedule. 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.
F6: Options granted to the Reporting Person are subject to a four-year vesting schedule. Subject to continuous employment, one-quarter shall vest starting on September 9, 2025 and then in equal quarterly installments thereafter.
F7: Consists of a grant of RSUs awarded to the reporting person subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter shall vest starting on September 9, 2025 and then in equal quarterly installments thereafter.
F8: Consists of a grant of RSUs awarded to the Reporting Person. Subject to the Reporting Person's continuous employment, 100% shall vest on September 9, 2025.