Form 4: Seagate EVP & CLO Lee Reports Share Transactions

Seagate Technology Holdings plc's EVP & CLO, James C. Lee, reported the vesting of restricted share units and subsequent sale of shares for tax obligations.

Summary

• James C. Lee, Executive Vice President and Chief Legal Officer of Seagate Technology Holdings plc, reported transactions on January 22, 2026.
• 1,237 Restricted Share Units (RSUs) vested and were converted into Ordinary Shares (Transaction Code 'M').
• 564 Ordinary Shares were disposed of at a price of $346.53 per share (Transaction Code 'F'). This disposition was likely to cover tax liabilities associated with the RSU vesting.
• Following these transactions, Lee directly owns 930 Ordinary Shares.
• Lee also directly owns 12,376 Restricted Share Units.

Sentiment

Score: 6

Explanation: The filing reports routine executive compensation events, specifically the vesting of Restricted Share Units and the subsequent sale of shares to cover tax obligations, which is a standard practice and generally neutral to slightly positive for the executive.

Positives

• The vesting of 1,237 Restricted Share Units (RSUs) represents a successful equity compensation event for the EVP & CLO, indicating a realization of value from the company's incentive plan.

Negatives

• The disposition of 564 Ordinary Shares, primarily to cover tax obligations, results in a reduction of the EVP & CLO's direct shareholding in the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Vesting of 1,237 Restricted Share Units (RSUs) granted to James C. Lee, EVP & CLO, under the Seagate Technology Holdings plc 2022 Equity Incentive Plan, representing a transaction between the company and an executive.

Stakeholder Impact

• Shareholders: Reflects standard executive compensation practices and a minor, routine reduction in direct insider ownership due to tax-related sales, which is not typically indicative of a change in company fundamentals.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events, specifically the vesting of Restricted Share Units and the subsequent sale of shares to cover tax liabilities. Such transactions are standard and do not typically indicate a change in the company's fundamental outlook or warrant a shift in investment recommendation based solely on this disclosure.

Keywords

Seagate Technology Holdings plc, STX, Form 4, Insider Transaction, Executive Compensation, Restricted Share Unit, RSU, Share Vesting, Tax Withholding