Seagate Technology: director Richard L Clemmer exercised 1,580 shares

What happened

• Richard L Clemmer, director, exercised or converted 1,580 derivative shares on Oct 24, 2026, had 380 shares withheld to cover tax obligations for $239,586, and received a grant of 345 restricted share units.

Key details

• Transaction dates and prices: Oct 24, 2026 — 1,580 shares exercised/converted at $0.00; 380 shares withheld at $630.49 per share for $239,586; 345 shares granted at $0.00.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 describes RSUs granted Oct 25, 2025 that convert to ordinary shares subject to continued service and timing tied to the next annual general meeting; F2 describes RSUs granted Oct 24, 2026 with similar release conditions. Each RSU represents a contingent right to one ordinary share.
• Filing timeliness: reported on Oct 26, 2026 for an Oct 24, 2026 transaction; the filing does not indicate it was late.

Why it may matter

• Exercise: derivative shares were converted and 380 shares were withheld to satisfy tax obligations (a cashless withholding rather than a market sale of additional shares).
• Grant: 345 RSUs were awarded on Oct 24, 2026 and will convert to shares subject to service and meeting-timing conditions; RSUs are not direct market purchases or sales.
• This filing does not show why the insider traded or why the company acted.