Morris John Christopher 4
4 · Seagate Technology Holdings plc · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Seagate (STX) EVP/CTO Morris John Christopher Converts RSUs, Withholds 430
What Happened Morris John Christopher, Seagate Technology Holdings plc's EVP & CTO, had 942 restricted share units (RSUs) convert/vest on March 11, 2026 (reported on Form 4 filed 2026-03-12). The RSUs converted into 942 shares at $0.00 (no exercise price). To satisfy tax withholding, 430 shares were withheld/disposed at $385.97 per share for a total withholding value of $165,967. Net shares retained from this vesting event were 512 (942 acquired minus 430 withheld).
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (timely filing).
- Conversion/vesting: 942 shares acquired at $0.00 (derivative code M).
- Tax withholding: 430 shares withheld/disposed at $385.97, total $165,967 (code F).
- Net shares retained from the event: 512 shares.
- Shares owned after transaction: not reported in the summary data provided on this request.
- Footnote: These RSUs were granted under Seagate’s 2022 Equity Incentive Plan and vest over four years (one-quarter began Sept 11, 2024, then quarterly over three years).
Context This was a routine RSU vesting and tax-withholding event (a cashless withholding rather than an open-market sale). The $0.00 acquisition price reflects RSU conversion rather than a paid option exercise. Withholding of shares for taxes is common and does not by itself indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
2026-03-11+942→ 18,122 total - Tax Payment
Ordinary Shares
2026-03-11$385.97/sh−430$165,967→ 17,692 total - Exercise/Conversion
Restricted Share Unit
[F1]2026-03-11−942→ 5,652 totalExercise: $0.00→ Ordinary Shares (942 underlying)
Footnotes (1)
- [F1]Consists of a grant of restricted share unit awarded to the reporting person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Subject to the Reporting Person's continuous employment, one-quarter vested starting on September 11, 2024 and then in equal quarterly installments over the following three years for a total vesting period of four years.