Lee James CI 4

What Happened

• Lee James CI, Executive Vice President & Chief Legal Officer of Seagate Technology Holdings plc, had restricted stock units (RSUs) convert into 1,237 ordinary shares on April 22, 2026. The RSUs converted at $0 cost to the reporting person (code M).
• To cover tax withholding, 540 of those shares were surrendered/disposed (code F) at $579.88 per share, resulting in approximately $313,135 withheld and reported as a disposition. The conversion and withholding are typical for vested equity awards.

Key Details

• Transaction date: April 22, 2026; Form filed April 23, 2026 (filed promptly).
• Conversion: 1,237 RSUs converted into 1,237 ordinary shares (reported as acquired via code M at $0).
• Tax withholding: 540 shares disposed at $579.88 each = ~$313,135 (code F).
• Footnotes: F2/F3 confirm these were RSUs granted under the 2022 Equity Incentive Plan that vested quarterly; F1 notes 67 shares were purchased Jan 31, 2026 under the employee stock purchase plan (exempt from reporting under Rule 16b-3).
• Ownership after transaction: total post-transaction holdings are not provided in the excerpt of the filing.

Context

• This was not an open-market buy or sell for investment; it reflects RSU vesting and standard tax-withholding (a cashless-type settlement where shares are surrendered to cover taxes).
• Such filings disclose compensation vesting and tax payments rather than a deliberate purchase or sale decision; they are routine for executives receiving equity awards.