Gianluca Romano - Feb 22, 2023 Form 4 Insider Report for Seagate Technology Holdings plc (STX)

Role
EVP & CFO
Signature
/s/ Abraham S. Barrera, Attorney-in-Fact for Gianluca Romano
Stock symbol
STX
Transactions as of
Feb 22, 2023
Transactions value $
-$997,510
Form type
4
Date filed
2/24/2023, 03:22 PM
Previous filing
Feb 21, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STX Ordinary Shares Options Exercise $0 +18.7K +38.85% $0.00 66.9K Feb 22, 2023 Direct
transaction STX Ordinary Shares Tax liability -$616K -9.28K -13.87% $66.39 57.6K Feb 22, 2023 Direct F1
transaction STX Ordinary Shares Options Exercise $0 +14K +24.36% $0.00 71.7K Feb 22, 2023 Direct
transaction STX Ordinary Shares Tax liability -$381K -5.74K -8.01% $66.39 65.9K Feb 22, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STX Restricted Share Unit Options Exercise $0 -18.7K -100% $0.00* 0 Feb 22, 2023 Ordinary Shares 18.7K $0.00 Direct F2
transaction STX Restricted Share Unit Options Exercise $0 -14K -25% $0.00 42.1K Feb 22, 2023 Ordinary Shares 14K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of Restricted Share Units ("RSUs").
F2 Consists of a grant of RSUs awarded to the Reporting Person under the 2022 Plan. Subject to the Reporting Person's continuous employment, 100% of such RSUs will vest on the first anniversary of the grant date, February 22, 2023.
F3 Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "2022 Plan"). Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on February 22, 2023, and each one year anniversary thereafter.