Chong Kian Fatt 4
4 · Seagate Technology Holdings plc · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Seagate (STX) EVP Chong Kian Fatt Sells 5,846 Shares
What Happened Chong Kian Fatt, EVP Global Operations of Seagate Technology Holdings plc (STX), had 4,427 performance share units vest and convert into ordinary shares on Feb 20, 2026 (exercise/conversion at $0.00). He then sold 5,846 shares in an open-market transaction on Feb 23, 2026 for a weighted-average price of $416.48, generating proceeds of approximately $2,434,740. The filing also notes 161 shares were purchased under Seagate’s Employee Stock Purchase Plan on Jan 31, 2026 (exempt from reporting).
Key Details
- Vesting/Conversion: 4,427 Performance Share Units vested and converted to 4,427 ordinary shares on 2026-02-20 (no cash exercise price) — footnote F3.
- Sale: 5,846 shares sold on 2026-02-23 at a weighted-average price of $416.48 for total proceeds of $2,434,740; trades ranged $416.47–$416.48 (footnote F2).
- ESPP: 161 shares bought under the Employee Stock Purchase Plan on 2026-01-31 (exempt under Rule 16b-3) — footnote F1.
- Ownership after transaction: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 filed 2026-02-23 for transactions through 2026-02-23 (appears timely).
Context The Feb 20 entries reflect performance awards vesting (conversion of PSUs into shares). The sale occurred three days later; the filing does not allocate which specific lots were sold, so proceeds may come from the newly vested shares and/or existing holdings. This is a routine insider sale disclosure and, by itself, should not be taken as a definitive signal of company outlook.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-02-20+4,427→ 5,846 total - Sale
Ordinary Shares
[F2]2026-02-23$416.48/sh−5,846$2,434,740→ 0 total - Exercise/Conversion
Performance-Based Restricted Share Units
[F3]2026-02-20−4,427→ 0 totalExercise: $0.00→ Ordinary Shares (4,427 underlying)
Footnotes (3)
- [F1]Includes 161 Ordinary Shares purchased by Reporting Person on January 31, 2026 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
- [F2]These Ordinary Shares were sold in multiple trades at prices ranging from $416.47 to $416.48. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
- [F3]On January 24, 2026 the Compensation and People Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to the 4,427 Performance Share Units granted on February 20, 2024. The 4,427 Ordinary Shares vested on February 20, 2026.