Form 4: Seagate Executive John Christopher Morris Reports Stock Transactions
SEC Form 4 Filing
John Christopher Morris, SVP, HDD & SDD Products & CTO of Seagate Technology Holdings plc, reports the acquisition and disposal of ordinary shares and restricted share units on June 9, 2024.
Summary
- On June 9, 2024, John Christopher Morris, SVP, HDD & SDD Products & CTO of Seagate Technology Holdings plc, reported transactions involving the company's stock.
- Morris acquired 499 ordinary shares through the vesting of restricted share units (RSUs).
- He also disposed of 153 ordinary shares to cover tax liabilities related to the vesting of securities at a price of $96.11 per share.
- Following these transactions, Morris directly owns 18,113 ordinary shares and 4,492 restricted share units.
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, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock.
Key Dates
| Date | Description |
|---|---|
| 09/09/2023 | One-quarter of the Restricted Share Units (RSUs) vest |
| 06/09/2024 | Date of transactions: acquisition of 499 shares via RSU vesting and disposal of 153 shares for tax liabilities. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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