Seagate Technology: director Geldmacher Jay L exercised 1,580 shares

What happened Geldmacher Jay L, director, exercised or converted derivatives for 1,580 shares (acquired) at $0.00 and, on the same date, 380 shares were disposed for tax withholding at $630.49 per share for $239,586. The filing also reports a derivative disposition of 1,580 shares at $0.00 and a grant of 345 restricted share units at $0.00.

Key details

• Transaction date(s): Oct 24, 2026. Prices reported: $0.00 for the derivative exercise/conversion and $630.49 for the 380-share tax withholding (total $239,586).
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 describes RSUs awarded Oct 25, 2025 under the 2022 Equity Incentive Plan; F2 describes RSUs awarded Oct 24, 2026 under the 2022 Equity Incentive Plan. Each RSU represents a contingent right to receive one ordinary share, subject to continued service and release conditions in the footnotes.
• Filing date: filed Oct 26, 2026 (covers period ending Oct 24, 2026). The filing does not indicate it was late.

Why it may matter

• The filing shows an exercise/conversion of derivatives and a tax withholding of 380 shares rather than a market sale of those withheld shares.
• The entry for a grant reports new RSUs awarded on Oct 24, 2026 and prior RSUs from Oct 25, 2025 per the footnotes.
• A filing does not show why the insider traded or why the company acted.