Form 4: Seagate Director Conyers Reports Share Transactions

Seagate Technology Holdings plc Director Yolanda Lee Conyers reported the acquisition of shares from RSU vesting and subsequent disposition for tax purposes.

Summary

• Yolanda Lee Conyers, a Director of Seagate Technology Holdings plc, reported transactions involving the company's Ordinary Shares.
• On October 19, 2025, Conyers acquired 2,693 Ordinary Shares through the vesting of Restricted Share Units (RSUs) under the 2022 Equity Incentive Plan, with a transaction price of $0.
• Immediately following the RSU vesting, Conyers disposed of 647 Ordinary Shares on October 19, 2025, at a price of $225.4 per share, likely for tax withholding purposes.
• After these transactions, Conyers' direct beneficial ownership of Ordinary Shares decreased from 6,998 to 6,351.
• The RSUs represent a contingent right to receive one Ordinary Share and vested upon the earlier of one year from the grant date or the date of the next annual general meeting following the fiscal year ending June 27, 2025.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (RSU vesting and tax-related share disposition) which are neutral in sentiment and do not indicate any significant positive or negative developments for the company.

Positives

• The vesting of 2,693 Restricted Share Units indicates continued service and compensation for Director Yolanda Lee Conyers, aligning her interests with shareholders.

Negatives

• A disposition of 647 Ordinary Shares occurred, reducing Director Conyers' direct beneficial ownership from 6,998 to 6,351 shares.

Future Outlook

The Restricted Share Units were subject to vesting on the earlier of one year from the date of grant or the date of the next annual general meeting of shareholders following the fiscal year ending on June 27, 2025, provided certain conditions are met.

Management Comments

• The RSUs were awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan for no consideration, with each RSU representing a contingent right to receive one Ordinary Share.

Industry Context

This filing details a routine insider transaction related to executive compensation, which is a common practice across publicly traded companies in the technology and storage solutions industry. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The change in director ownership is minor and results from routine compensation and tax management, not a strategic shift or significant vote of confidence/lack thereof.

Next Steps

• The company will hold its next annual general meeting of shareholders following the fiscal year ending June 27, 2025, which is a condition for RSU vesting.

Key Dates

Keywords

Seagate Technology Holdings plc, STX, Yolanda Lee Conyers, Director, Form 4, Insider Transaction, Restricted Share Units, RSU Vesting, Share Disposition, Equity Incentive Plan