Seagate Technology Holdings plc·4

Mar 16, 4:30 PM ET

Morris John Christopher 4

Research Summary

AI-generated summary

Updated

Seagate (STX) EVP/CTO Morris John Christopher Sells 112 Shares

What Happened
Morris John Christopher, Executive Vice President & Chief Technology Officer of Seagate Technology Holdings plc (STX), sold 112 ordinary shares in an open-market/private sale on March 13, 2026. The shares were sold at $377.44 per share for reported proceeds of $42,273. This was a sale (not a purchase or option exercise) executed under a pre-established Rule 10b5-1 trading plan.

Key Details

  • Transaction date and price: 2026-03-13, 112 shares at $377.44 each (Sale, code S)
  • Reported proceeds: $42,273 (as reported on the Form 4)
  • Shares owned after transaction: Not stated in the provided data (not reported here)
  • Footnote: Sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 1, 2025 (Footnote F1)
  • Filing: Form 4 filed on 2026-03-16 (filed within required business-day window)

Context
A sale under a Rule 10b5-1 plan is typically a pre-arranged trade and is often viewed as routine, not necessarily a reflection of the insider’s current view of the company. For retail investors, purchases can be more informative about insider conviction; disclosed planned sales like this are common for liquidity or diversification purposes.