Chong Kian Fatt 4

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.