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
- Ban Seng Teh, EVP & Chief Commercial Officer of Seagate Technology Holdings, reported transactions involving ordinary shares and performance-based restricted share units.
- On March 22, 2025, 3,514 ordinary shares vested from performance-based restricted share units granted on March 22, 2021, and were subsequently disposed of.
- These shares vested because the Compensation Committee determined on July 20, 2024, that the performance conditions were met.
- Following these transactions, Mr. Teh directly owns 3,514 performance-based restricted share units and 27,200 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of share transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/22/2021 | Date of grant of 7,030 Threshold Performance Share Units to Mr. Teh |
| 07/20/2024 | Compensation Committee determined performance conditions were met for 3,514 share units |
| 03/22/2025 | Vesting and disposal of 3,514 ordinary shares |
| 03/25/2025 | Date of Form 4 filing |
Keywords
Seagate Technology Holdings, Ban Seng Teh, Form 4, Share Transactions, Performance-Based Restricted Share Units, Vesting, Disposition, STX
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