Form 4: Seagate Director Yolanda Lee Conyers Sells 750 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Yolanda Lee Conyers sold 750 ordinary shares of Seagate Technology Holdings plc at $102.95 per share on March 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 3, 2025, Yolanda Lee Conyers, a director of Seagate Technology Holdings plc, sold 750 ordinary shares of the company.
- The shares were sold at a price of $102.95 per share.
- The transaction was executed under a Rule 10b5-1 trading plan adopted on June 5, 2024.
- Following the transaction, Conyers directly owns 5,805 ordinary shares of Seagate Technology Holdings plc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing for an insider transaction, so the sentiment is neutral.
Industry Context
This is a routine disclosure of an insider transaction. Insiders often use 10b5-1 plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but the existence of a 10b5-1 plan mitigates this.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| 03/03/2025 | Date of the transaction (sale of shares) |
| 03/04/2025 | Date of signature for the Form 4 filing |
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