Seagate Technology: director Arumugavelu Shankar exercised 1,580 shares

What happened

• Arumugavelu Shankar, a director, exercised or converted derivatives for 1,580 shares on Oct 24, 2026. The filing shows an acquisition of 1,580 shares at $0.00 (total $0) and a derivative disposition of 1,580 shares at $0.00 (total $0). The filing also shows 380 shares were disposed to cover payment of exercise price or tax liability at $630.49 per share for $239,586 on Oct 24, 2026.

Key details

• Transaction dates and prices: Oct 24, 2026 — M (exercise/conversion) 1,580 shares @ $0.00; F (tax withholding) 380 shares @ $630.49 for $239,586; M (derivative disposition) 1,580 shares @ $0.00.
• Shares owned after the transaction: not reported in the provided filing.
• Relevant footnote: F1 states these shares come from a grant of restricted share units (RSUs) awarded Oct 25, 2025 under the 2022 Equity Incentive Plan; each RSU is a contingent right to one ordinary share and shares vest on the earlier of one year from grant or the next annual general meeting subject to service.
• Filing date: filed Oct 26, 2026 reporting transactions on Oct 24, 2026.

Why it may matter

• The filing shows an exercise/conversion of RSUs and that 380 shares were surrendered to satisfy tax obligations (share withholding rather than an open-market sale).
• For derivative transactions, the filing records the exercise/conversion and the related withholding transactions.
• This filing does not show why the insider traded or why the company acted.