Seagate Technology: director Adams Mark exercised 1,580 shares

What happened

• Adams Mark, director, exercised or converted derivatives for 1,580 ordinary shares at $0.00 on Oct 24, 2026. The filing also shows a derivative disposition for 1,580 shares at $0.00, 380 shares were disposed to satisfy a tax liability at $630.49 per share for $239,586, and a grant of 345 restricted share units (RSUs) at $0.00 was reported.

Key details

• Transaction dates and prices: Oct 24, 2026 — exercise/conversion (code M) 1,580 shares @ $0.00; tax withholding/payment (code F) 380 shares @ $630.49 for $239,586; grant (code A) 345 RSUs @ $0.00.
• Period of report: Oct 24, 2026. Filed: Oct 26, 2026.
• Shares owned after the transaction: not specified in the filing excerpt provided.
• Relevant footnotes: F1 describes RSUs granted Oct 25, 2025 that vest on the earlier of one year from grant or the next annual general meeting following the fiscal year ending Jul 3, 2026; F2 describes RSUs granted Oct 24, 2026 that vest on the earlier of one year from grant or the next annual general meeting following the fiscal year ending Jul 2, 2027.
• Transaction codes: M = exercise or conversion of derivative; F = payment of exercise price or tax liability; A = grant/award.

Why it may matter

• The filing shows an exercise of derivatives with 380 shares withheld to satisfy tax liability, indicating a partial cashless settlement for the transaction. The 345 RSUs are awards and not market trades. A filing does not show why the insider traded or why the company acted.