Form 4: Seagate Director Sells 750 Shares Under 10b5-1 Trading Plan

Yolanda Lee Conyers, a director at Seagate Technology Holdings plc, sold 750 ordinary shares at $101.82 per share on December 2, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Yolanda Lee Conyers, a director of Seagate Technology Holdings plc, sold 750 ordinary shares.
• The sale occurred on December 2, 2024.
• The shares were sold at a price of $101.82 each.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on June 5, 2024.
• Following the transaction, Ms. Conyers directly owns 6,555 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a pre-planned stock sale by a director. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine filing related to insider trading activity and is common for directors of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among corporate insiders to avoid accusations of trading on non-public information.
• Many directors and officers at publicly traded companies use similar plans to manage their personal finances and comply with securities regulations.
• The volume of shares sold is relatively small compared to the total outstanding shares of Seagate, suggesting it is a personal financial decision rather than a significant market event.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, insider trading, stock sale, Rule 10b5-1, Seagate Technology, STX, director, Yolanda Lee Conyers