Seagate Technology: director Conyers Yolanda Lee sold 380 shares

What happened

• Conyers Yolanda Lee, a director, reported exercise/conversion of derivatives and RSU activity on Oct 24, 2026. The filing shows acquisition and disposition entries tied to derivative exercises and an RSU grant.
• Transactions reported: acquired 1,580 shares at $0.00 (exercise/conversion of derivative), disposed 380 shares at $630.49 for $239,586 (payment of exercise price or tax liability), disposed 1,580 shares at $0.00 (derivative), and acquired 345 shares at $0.00 (grant/award).

Key details

• Transaction date: Oct 24, 2026. Filing date: Oct 26, 2026.
• Transaction specifics from the filing:
  • Exercise/conversion (M): acquired 1,580 shares @ $0.00.
  • Payment of exercise price or tax liability (F): disposed 380 shares @ $630.49 for $239,586.
  • Exercise/conversion (M): disposed 1,580 shares @ $0.00 (derivative).
  • Grant/award (A): acquired 345 RSUs @ $0.00.
• Shares owned after the transaction: not reported in this Form 4.
• Footnotes:
  • F1: RSUs awarded Oct 25, 2025 under the 2022 Equity Incentive Plan; each RSU is a contingent right to one ordinary share; release subject to continuous service and timing tied to one-year vesting or the next annual general meeting.
  • F2: RSUs awarded Oct 24, 2026 under the 2022 Equity Incentive Plan; each RSU is a contingent right to one ordinary share; release subject to continuous service and timing tied to one-year vesting or the next annual general meeting.

Why it may matter

• The filing shows exercise/conversion of derivatives and that 380 shares were surrendered to cover an exercise price or tax liability (transaction code F), which indicates shares were used to satisfy withholding rather than a separate open-market cash sale.
• The grant of 345 RSUs is an award/vesting event and is not a market purchase or sale.
• A filing does not show why the insider traded or why the company acted.