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Filing Details

Accession Number:: 0001137789-22-000020
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-02-24 16:07:19
Reporting Period:: 2022-02-22

Accepted Time:: 2022-02-24 16:07:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1137789	Seagate Technology Holdings Plc	STX	Computer Storage Devices (3572)	981597419

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1764650	Gianluca Romano	Seagate Technology Holdings Plc 47488 Kato Road Fremont CA 94538	Evp & Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Ordinary Shares	Acquisiton	2022-02-22	11,997	$45.89	31,388	No	4	M	Direct
Ordinary Shares	Acquisiton	2022-02-22	4,467	$54.78	35,855	No	4	M	Direct
Ordinary Shares	Acquisiton	2022-02-22	4,031	$46.23	39,886	No	4	M	Direct
Ordinary Shares	Disposition	2022-02-22	16,490	$107.26	23,396	No	4	S	Direct
Ordinary Shares	Disposition	2022-02-22	4,005	$107.79	19,391	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Ordinary Shares	NQ Options	Disposition	2022-02-22	11,997	$0.00	11,997	$45.89
Ordinary Shares	NQ Options	Disposition	2022-02-22	4,467	$0.00	4,467	$54.78
Ordinary Shares	NQ Options	Disposition	2022-02-22	4,031	$0.00	4,031	$46.23
Ordinary Shares	Restricted Share Unit	Acquisiton	2022-02-22	56,170	$0.00	56,170	$0.00
Ordinary Shares	Restricted Share Unit	Acquisiton	2022-02-22	18,725	$0.00	18,725	$0.00
Ordinary Shares	Performance-Based Restricted Share Units	Acquisiton	2022-02-22	18,725	$0.00	18,725	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
28,791	2020-02-20	2026-02-20	No	4	M	Direct
16,979	2020-09-09	2026-09-09	No	4	M	Direct
24,994	2021-09-09	2027-09-09	No	4	M	Direct
56,170		2026-02-22	No	4	A	Direct
18,725		2023-02-22	No	4	A	Direct
37,450	2025-02-22	2025-02-22	No	4	A	Direct

Footnotes

The option exercises and sales of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
These Ordinary Shares were sold in multiple trades at prices ranging from $106.64 to $107.62. 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.
These Ordinary Shares were sold in multiple trades at prices ranging from $107.65 to $108.02. 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.
Options granted to the Reporting Person under the Seagate Technology Holdings plc 2012 Equity Incentive Plan (the "2012 Plan") are subject to a four-year vesting schedule. One quarter of the options vested on February 20, 2020. Subject to continuous employment, the remaining options vest in equal monthly installments over the 36 months following February 20, 2020.
Options granted to the Reporting Person under the 2012 Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 9, 2020. Subject to continuous employment, the remaining options vest in equal monthly installments over the 36 months following September 9, 2020.
Options granted to the Reporting Person under the 2012 Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 9, 2021. Subject to continuous employment, the remaining options vest in equal monthly installments over the 36 months following September 9, 2021.
Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.
Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "2022 Plan"). Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on February 22, 2023, and each one year anniversary thereafter.
Consists of a grant of RSUs awarded to the Reporting Person under the 2022 Plan. Subject to the Reporting Person's continuous employment, 100% of such RSUs will vest on the first anniversary of the grant date, February 22, 2023.
Each performance-based restricted share unit ("PSU") represents a contingent right to receive one Ordinary Share. The PSUs shall vest on the date that is the later of (i) the written certification by the Compensation Committee of the level of achievement of the performance goal, and (ii) the three (3) year anniversary of the date of grant, based on the extent to which the closing price of a Company Ordinary Share meets or exceeds one of the 30-day share price targets set forth in the PSU award agreement at any time during the 3-year performance period beginning on February 22, 2022 and extending through February 22, 2025, subject to the Reporting Person's continuous employment. The ultimate number of Ordinary Shares to be earned will be determined at the end of the 3-year performance period and could range from 0% to 200% of the target number of PSUs granted to the Reporting Person.