Form 4: Seagate Executive Ban Seng Teh Reports Stock Transactions
SEC Form 4 Filing
EVP & Chief Commercial Officer of Seagate Technology Holdings plc, Ban Seng Teh, reports the vesting of Restricted Share Units (RSUs) and subsequent disposal of shares.
Summary
- On March 9, 2025, Ban Seng Teh, EVP & Chief Commercial Officer of Seagate Technology Holdings plc, reported transactions involving ordinary shares and Restricted Share Units (RSUs).
- Specifically, 599 Restricted Share Units (RSUs) vested and were converted into ordinary shares.
- Simultaneously, 599 ordinary shares were disposed of.
- Following these transactions, Teh directly owns 22,698 ordinary shares and 3,595 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Executive stock transactions are a routine part of corporate governance and are closely watched by investors for insights into management's perspective on the company's performance and future prospects. Form 4 filings are a standard requirement by the SEC to ensure transparency in these transactions.
Key Dates
| Date | Description |
|---|---|
| 09/09/2023 | One-quarter of the shares vested on September 9, 2023. |
| 03/09/2025 | Date of transaction: Vesting of RSUs and disposal of shares. |
| 03/10/2025 | Date of signature for the Form 4 filing. |
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