Form 4: Seagate Executive Reports Stock Transactions
SEC Form 4
Kian Fatt Chong, SVP of Global Operations at Seagate Technology Holdings plc, reports the vesting and conversion of Restricted Share Units (RSUs) into ordinary shares.
Summary
- On June 9, 2024, Kian Fatt Chong, SVP of Global Operations at Seagate Technology Holdings plc, reported a transaction involving Restricted Share Units (RSUs).
- 201 RSUs vested and were converted into 201 ordinary shares.
- The transaction was executed under the Seagate Technology Holdings plc 2022 Equity Incentive Plan.
- Following the transaction, Chong directly owns 1,812 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate 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 transaction has a minor impact on shareholders as it involves the issuance of a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 06/09/2024 | Date of RSU vesting and conversion to ordinary shares |
| 09/09/2023 | Initial vesting date of RSUs (one-quarter of shares) |
| 06/11/2024 | Date of Form 4 signature |
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