Form 4: Seagate CEO William Mosley Sells Shares Under 10b5-1 Trading Plan

Seagate Technology Holdings CEO William Mosley sold shares of the company's stock on February 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• William D. Mosley, CEO of Seagate Technology Holdings plc, sold ordinary shares of the company on February 3, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on May 6, 2024.
• A total of 9,198 shares were sold at a weighted average price of $93.6824, with prices ranging from $92.97 to $93.96.
• An additional 7,385 shares were sold at a weighted average price of $94.2197, with prices ranging from $93.97 to $94.96.
• Finally, 3,417 shares were sold at a weighted average price of $95.1638, with prices ranging from $94.99 to $95.45.
• Following these transactions, Mosley directly owns 585,591 ordinary shares.
• Mosley also acquired 61 ordinary shares on January 31, 2025, under the Issuer's Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by an executive. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which is a common practice for corporate insiders to avoid accusations of insider trading.

Industry Context

Sales by executives are a normal part of corporate compensation and portfolio management. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.

Comparison to Industry Standards

• Executive stock sales are common across the technology industry.
• Companies like Western Digital and Micron Technology also see regular stock transactions by their executives.
• The use of 10b5-1 plans is a standard practice to ensure compliance with insider trading regulations.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates

Keywords

Form 4, Seagate Technology Holdings, William Mosley, Stock Sale, Rule 10b5-1, Insider Trading, Ordinary Shares, Executive Compensation