STX.NASDAQSeagate Technology Holdings PLC

Form 4: Seagate CFO Gianluca Romano Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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EVP & CFO of Seagate Technology Holdings, Gianluca Romano, reports acquisition and disposal of ordinary shares and restricted share units.

Summary

  • Gianluca Romano, the EVP & CFO of Seagate Technology Holdings, filed a Form 4 detailing changes in beneficial ownership.
  • On June 9, 2024, Romano acquired 958 ordinary shares through the vesting of restricted share units (RSUs).
  • Also on June 9, 2024, Romano disposed of 485 ordinary shares to cover tax liabilities related to the vesting of securities at a price of $96.11 per share.
  • Following these transactions, Romano directly owns 73,350 ordinary shares.
  • Romano also holds 8,624 restricted share units, each representing a contingent right to receive one ordinary share.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in executive stock ownership.

Key Dates

DateDescription
09/09/2023RSUs vest as to one-quarter of the shares on September 9, 2023 and each quarter thereafter.
06/09/2024Date of transaction: acquisition of 958 ordinary shares via RSU vesting and disposal of 485 ordinary shares for tax liabilities.
06/11/2024Date of signature for the Form 4 filing.

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