Form 4: Seagate Director Receives 1,580 Restricted Share Units

Seagate Technology Holdings plc director Stephanie Tilenius was granted 1,580 restricted share units on October 25, 2025, under the company's 2022 Equity Incentive Plan.

Summary

• Stephanie Tilenius, a Director of Seagate Technology Holdings plc (STX), was granted 1,580 Restricted Share Units (RSUs).
• The grant occurred on October 25, 2025, under the Seagate Technology Holdings plc 2022 Equity Incentive Plan.
• Each RSU represents a contingent right to receive one Ordinary Share of the Issuer.
• The RSUs were awarded for no consideration ($0 price).
• The shares will vest and be released to Ms. Tilenius on the earlier of one year from the grant date (October 25, 2026) or the date of the next annual general meeting of shareholders following the fiscal year ending July 3, 2026, provided the annual general meeting is at least 50 weeks after the immediately preceding fiscal year's annual general meeting, and subject to her continuous service.

Sentiment

Score: 6

Explanation: Slightly positive as it represents a standard practice of aligning director incentives with shareholder interests through equity compensation.

Positives

• The grant of Restricted Share Units to a director aligns their financial interests with the long-term performance and shareholder value of Seagate Technology Holdings plc.

Future Outlook

The Restricted Share Units are subject to a vesting schedule, with shares expected to be released on the earlier of one year from the grant date (October 25, 2026) or the date of the next annual general meeting of shareholders following the fiscal year ending July 3, 2026, contingent on continuous service.

Industry Context

Equity compensation, such as Restricted Share Units, is a standard practice in the technology sector and among publicly traded companies to incentivize and retain directors and executives, aligning their interests with long-term company performance and shareholder returns.

Comparison to Industry Standards

• Equity grants, such as Restricted Share Units (RSUs), are a common component of director compensation across the technology and broader public company sectors, aligning director incentives with long-term shareholder value.
• The specific number of units granted is typically determined by compensation committees based on factors like company performance, director responsibilities, and peer group benchmarking.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the long-term performance of the company, potentially encouraging decisions that benefit shareholder value.

Next Steps

• Vesting of the 1,580 Restricted Share Units will occur on the earlier of one year from the grant date (October 25, 2026) or the date of the next annual general meeting of shareholders following the fiscal year ending July 3, 2026, provided certain conditions are met.

Key Dates

Keywords

Seagate, STX, Form 4, insider transaction, RSU, restricted share unit, equity grant, director compensation