Romano Gianluca 4
4 · Seagate Technology Holdings plc · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Seagate (STX) CFO Gianluca Romano Receives RSUs, Withholds Shares
What Happened
Gianluca Romano, EVP & Chief Financial Officer of Seagate Technology Holdings plc (STX), had RSUs convert into 2,473 shares on March 9, 2026 (958 + 1,515). To cover tax withholding on the vesting, 1,236 shares (479 + 757) were surrendered/sold at $374.33 per share, producing $462,672 in proceeds. The filings show the RSU conversion as exercise/conversion of a derivative (code M) and the tax withholding as a disposition (code F).
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely).
- Shares acquired via conversion of derivatives (M): 958 and 1,515 (total 2,473).
- Shares withheld/sold for taxes (F): 479 and 757 at $374.33 per share; total proceeds $179,304 + $283,368 = $462,672.
- Shares owned after the transaction: not specified in the provided excerpt.
- Footnotes: these shares come from previously awarded RSUs under Seagate’s 2022 Equity Incentive Plan; the awards vest over four years (one-quarter at initial vest date, remainder quarterly).
- Filing codes: M = exercise/conversion of derivative (here, RSU settlement); F = payment of exercise price or tax liability (share withholding).
Context
This appears to be a routine RSU vesting and tax-withholding event (net settlement/cashless-like process) rather than an open-market sale for investment purposes. For retail investors, note that vesting-related withholding is common and doesn’t necessarily signal insider buying or selling intent.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
2026-03-09+958→ 64,208 total - Tax Payment
Ordinary Shares
2026-03-09$374.33/sh−479$179,304→ 63,729 total - Exercise/Conversion
Ordinary Shares
2026-03-09+1,515→ 65,244 total - Tax Payment
Ordinary Shares
2026-03-09$374.33/sh−757$283,368→ 64,487 total - Exercise/Conversion
Restricted Share Unit
[F1]2026-03-09−958→ 1,918 totalExercise: $0.00→ Ordinary Shares (958 underlying) - Exercise/Conversion
Restricted Share Unit
[F2]2026-03-09−1,515→ 15,158 totalExercise: $0.00→ Ordinary Shares (1,515 underlying)
Footnotes (2)
- [F1]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 vested as to one-quarter of the shares on September 9, 2023 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years.
- [F2]Consists of a grant of RSUs awarded to the Reporting Person under the 2022 Plan. Subject to the Reporting Person's continuous employment, one-quarter vested on September 9, 2025 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years.