Form 4: Seagate Executive Ban Seng Teh Reports Share Transactions
SEC Form 4 Filing
EVP & Chief Commercial Officer of Seagate Technology Holdings, Ban Seng Teh, reports the vesting and disposal of performance-based restricted share units.
Summary
- On October 19, 2024, Ban Seng Teh, EVP & Chief Commercial Officer of Seagate Technology Holdings, reported transactions involving ordinary shares and performance-based restricted share units.
- Specifically, 4,386 performance share units vested, resulting in the acquisition of 4,386 ordinary shares.
- Concurrently, 4,386 ordinary shares were disposed of.
- Following these transactions, Mr. Teh directly owns 14,355 ordinary shares and 0 performance-based restricted share units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing share transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies like Seagate.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in executive share ownership.
Key Dates
| Date | Description |
|---|---|
| 09/09/2021 | Grant date of 9,385 Performance Share Units. |
| 10/19/2024 | Vesting date of 4,386 Performance Share Units and subsequent disposal of ordinary shares. |
| 10/22/2024 | Date of Form 4 signature. |
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