Form 4: Seagate Director Mark Adams Receives Restricted Share Unit Grant

Director Mark Adams received a grant of 2,693 restricted share units (RSUs) from Seagate Technology Holdings plc on October 19, 2024.

Summary

• Mark Adams, a director of Seagate Technology Holdings plc, was granted 2,693 restricted share units (RSUs) on October 19, 2024.
• The RSUs were awarded under the company's 2022 Equity Incentive Plan and represent a contingent right to receive one ordinary share of the issuer per RSU.
• The shares will be released to Mr. Adams on the earlier of (i) one year from the grant date and (ii) the date of the next annual general meeting of shareholders following the end of the fiscal year ending on June 27, 2025, provided such annual general meeting is at least fifty (50) weeks after the immediately preceding fiscal year's annual general meeting.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation matter, which is generally viewed neutrally to positively as it aligns management with shareholder interests.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service with the company.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the technology industry, aligning management's interests with those of shareholders.

Stakeholder Impact

• The RSU grant could have a minor dilutive effect on existing shareholders.
• The grant incentivizes the director to work towards increasing shareholder value.

Key Dates