Form 4: Seagate Technology Executive Reports Stock Transactions
SEC Filing
John Christopher Morris, SVP & CTO of Seagate Technology, reports the vesting and disposal of restricted share units.
Summary
- John Christopher Morris, a Senior Vice President and CTO at Seagate Technology Holdings plc, filed a Form 4 with the SEC.
- The form details changes in his beneficial ownership of Seagate's ordinary shares.
- On March 9, 2025, Morris vested 499 restricted share units (RSUs), each representing one ordinary share.
- Also on March 9, 2025, 153 ordinary shares were disposed of at a price of $88.
- Following these transactions, Morris directly owns 11,209 ordinary shares and 2,995 restricted share units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the company's outstanding shares.
- The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
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 report signature. |
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