Form 4: Seagate Technology Executive Reports Stock Transactions
SEC Form 4 Filing
Kian Fatt Chong, SVP of Global Operations at Seagate Technology, reports the vesting and disposal of restricted share units (RSUs).
Summary
- On March 9, 2024, Kian Fatt Chong, SVP of Global Operations at Seagate Technology Holdings plc, reported transactions involving restricted share units (RSUs).
- 201 Ordinary Shares were acquired through the vesting of RSUs and then disposed of.
- The price per share for both the acquisition and disposal was $0.
- Following the reported transactions, Chong directly owns 2,013 Ordinary Shares.
- The RSUs were granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan and vest quarterly.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an executive, with no inherent positive or negative implications.
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 minimal impact on shareholders as it involves a small number of shares related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of RSU vesting and disposal of Ordinary Shares |
| 03/12/2024 | Date of Form 4 signature |
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