Romano Gianluca 4

What Happened Gianluca Romano, Executive Vice President & Chief Financial Officer of Seagate Technology (STX), had 1,695 restricted share units (RSUs convert/vest) on March 11, 2026. Of those, 847 shares were withheld/sold to cover tax obligations at $385.97 per share, generating approximately $326,917. The RSU conversion is reported as an exercise/conversion of a derivative (code M) and the tax withholding/sale is reported under code F. Net retained from this vesting event is roughly 848 shares (1,695 vested − 847 withheld).

Key Details

• Transaction date: 2026-03-11; Form filed: 2026-03-12 (timely filing).
• Conversion/exercise: 1,695 shares at $0.00 (code M) — issuance from RSU vesting.
• Tax withholding/sale: 847 shares disposed at $385.97 for a total of $326,917 (code F).
• Shares owned after transaction: not disclosed in the provided filing; net retained from this vesting is approximately 848 shares.
• Footnote: These shares arose from RSUs awarded under the 2022 Equity Incentive Plan; vesting is scheduled over four years (one-quarter started Sept 11, 2024, then quarterly installments).
• Transaction codes explained: M = exercise/conversion of derivative (RSU vesting here); F = payment of exercise price or tax liability (shares withheld/sold).

Context This appears to be a routine vesting of equity compensation with shares sold/withheld to satisfy tax withholding — a common administrative transaction rather than an open-market purchase or a discretionary sale indicating a change in insider sentiment.