Seagate: director Michael R Cannon exercised 1,868 shares

What happened

• Michael R Cannon, director, exercised or converted derivatives for 1,868 shares at $0.00 on Oct 24, 2026.
• The filing reports 449 shares were disposed to cover tax withholding at $630.49 per share for $283,090.
• The Form 4 also lists a derivative disposition of 1,868 shares at $0.00 on Oct 24, 2026.

Key details

• Transaction date(s) and price(s): Oct 24, 2026; exercise/conversion (M) 1,868 shares @ $0.00 (acquired); tax withholding (F) 449 shares @ $630.49 (disposed) for $283,090; derivative disposition (M) 1,868 shares @ $0.00 (disposed).
• Shares owned after the transaction: not reported in this Form 4.
• Footnote F1: Consists of a grant of restricted share units (RSUs) awarded to the Reporting Person on Oct 25, 2025 under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "Plan") for no consideration. Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. Subject to the Reporting Person's continuous service with the Issuer, shares will be released to the Reporting Person on the earlier of (i) one year from the date of grant and (ii) the date of the next annual general meeting of shareholders of the Issuer following the end of the fiscal year ending on July 3, 2026, provided such annual general meeting is at least fifty (50) weeks after the immediately preceding fiscal year's annual general meeting.
• Filing date: Oct 26, 2026.

Why it may matter

• The filing shows an exercise/conversion of derivatives and a tax-withholding disposition of 449 shares rather than a reported open-market sale of those withheld shares.
• The Form 4 documents the mechanics of settlement and tax withholding but does not explain motive. A filing does not show why the insider traded or why the company acted.