Form 4: Seagate CTO Granted Equity Awards

Seagate Technology Holdings plc's EVP & CTO, John Christopher Morris, received grants of stock options and restricted share units under the company's 2022 Equity Incentive Plan.

Summary

• John Christopher Morris, EVP & CTO of Seagate Technology Holdings plc, was granted equity awards on August 20, 2025.
• Awards include 18,816 Non-Qualified Stock Options with an exercise price of $158.40, vesting 25% on August 20, 2026, and monthly thereafter over three years, expiring on August 20, 2032.
• A grant of 7,056 Restricted Share Units (RSUs) was awarded, vesting 25% on August 20, 2026, and quarterly thereafter.
• Additional RSU grants of 4,070 and 1,221 shares were awarded, both vesting 100% on August 20, 2026.
• All grants are subject to continuous employment and are part of the Seagate Technology plc 2022 Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The grant of equity awards to a key executive is generally a positive signal for executive retention and alignment with shareholder interests, though it implies minor future dilution.

Positives

• Equity grants align the executive's interests with long-term shareholder value.
• The multi-year vesting schedules incentivize continuous employment and performance over several years, promoting executive retention.
• The grants represent a standard component of executive compensation, reflecting ongoing incentive programs.

Negatives

• The issuance of new equity awards could lead to minor share dilution for existing shareholders over time as they vest and are exercised.

Future Outlook

The grants include multi-year vesting schedules, indicating a long-term retention strategy for a key executive. The stock options have an expiration date in 2032, providing a long-term incentive horizon.

Industry Context

Executive equity grants are a common practice across the technology and manufacturing sectors to attract, retain, and incentivize key leadership, aligning their performance with company success and shareholder returns.

Stakeholder Impact

• Shareholders: Potential for minor future dilution as options are exercised and RSUs vest, but also benefits from executive retention and performance alignment.
• Employees: Signals continued investment in executive talent, potentially boosting morale and demonstrating commitment to leadership.

Next Steps

• Vesting of 25% of NQ Stock Options on August 20, 2026, with remaining portions vesting monthly over three years.
• Vesting of 25% of 7,056 RSUs on August 20, 2026, with remaining portions vesting quarterly thereafter.
• Vesting of 100% of 4,070 and 1,221 RSUs on August 20, 2026.

Key Dates

Keywords

Seagate Technology Holdings, STX, John Christopher Morris, EVP & CTO, Stock Options, Restricted Share Units, Equity Incentive Plan, Executive Compensation, Insider Transaction, Form 4