Romano Gianluca 4

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.