Form 4: Seagate CEO William Mosley Converts Restricted Share Units and Sells Shares for Tax Obligations

Seagate Technology Holdings plc CEO William D. Mosley converted 3,318 Restricted Share Units into ordinary shares and subsequently sold 1,677 shares to cover tax liabilities on June 11, 2025.

Summary

• William D. Mosley, CEO of Seagate Technology Holdings plc, acquired 3,318 Ordinary Shares on June 11, 2025, through the conversion of Restricted Share Units (RSUs).
• These RSUs were granted under the Seagate Technology plc 2022 Equity Incentive Plan and are part of a four-year vesting schedule, with one-quarter vesting starting September 11, 2024, and subsequent equal quarterly installments.
• Concurrently, Mr. Mosley disposed of 1,677 Ordinary Shares at a price of $126.49 per share on June 11, 2025, to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Mosley's direct beneficial ownership of Ordinary Shares stands at 518,710, and he holds 29,871 Restricted Share Units.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding), which are neutral in sentiment and expected in the normal course of business.

Positives

• Vesting of 3,318 Restricted Share Units indicates the fulfillment of executive compensation plans.
• The acquisition of 3,318 Ordinary Shares increases the CEO's direct ownership in the company, aligning his interests with shareholders.

Negatives

• Disposal of 1,677 Ordinary Shares to cover tax liabilities, which reduces the CEO's direct shareholding.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions represent a routine part of executive compensation, with a minor reduction in direct shareholding due to tax withholding. The CEO's overall beneficial ownership remains substantial, aligning interests.
• Employees: The RSU vesting demonstrates the company's commitment to its executive compensation plans, which can positively influence employee morale and retention.

Key Dates

Keywords

Seagate Technology Holdings plc, STX, William D. Mosley, Form 4, SEC Filing, Insider Transaction, Restricted Share Units, RSU Vesting, Share Disposal, Tax Withholding, Executive Compensation, Corporate Governance