Form 4: Seagate Executive John Christopher Morris Reports Share Transactions
SEC Form 4 Filing
John Christopher Morris, SVP & CTO of Seagate Technology, reports the acquisition and disposal of ordinary shares and restricted share units.
Summary
- John Christopher Morris, a Senior Vice President and CTO at Seagate Technology Holdings plc, filed a Form 4 detailing changes in beneficial ownership.
- On March 9, 2024, Morris acquired 499 ordinary shares through the vesting of restricted share units (RSUs).
- Also on March 9, 2024, Morris disposed of 180 ordinary shares at a price of $92.69 to cover tax liabilities related to the vesting of securities.
- Following these transactions, Morris directly owns 28,925 ordinary shares.
- Morris also holds 4,991 restricted share units, which vest quarterly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. These transactions are subject to regulations to prevent insider trading and ensure transparency.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 09/09/2023 | Initial vesting date for one-quarter of the restricted share units. |
| 03/09/2024 | Date of the reported transactions: acquisition of shares via RSU vesting and disposal of shares for tax liabilities. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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