Seagate Technology: director Thomas A. Szlosek exercised 1,580 shares

What happened

• Thomas A. Szlosek, director, exercised or converted 1,580 derivative shares on Oct 24, 2026 and also had 1,580 derivative shares disposed the same day; 380 shares were disposed as payment for tax liability for $630.49 each, totaling $239,586. The filing also reports a grant of 345 restricted share units (RSUs) on Oct 24, 2026.

Key details

• Transaction date: Oct 24, 2026. Filing date: Oct 26, 2026.
• Exercise/conversion price: $0.00 for the 1,580 derivative shares (acquired and also reported disposed at $0.00). Tax withholding disposal: 380 shares at $630.49 for $239,586.
• Grant: 345 RSUs on Oct 24, 2026 at $0.00 (each RSU represents a contingent right to one ordinary share).
• Additional RSU footnote: 1 RSU grant was awarded Oct 25, 2025 under the 2022 Equity Incentive Plan; both RSU grants are subject to continued service and release on the earlier of (i) one year from grant and (ii) the next annual general meeting following the applicable fiscal year end, subject to the plan timing condition.
• Dividend reinvestment: includes 1.39 ordinary shares acquired through dividend reinvestment (footnote).
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Transaction codes shown: M (exercise/conversion of derivative), F (payment of exercise price or tax liability), A (award/grant).

Why it may matter

• The filing shows the 1,580 derivative shares were exercised and simultaneously disposed, consistent with a cashless exercise or immediate disposition.
• The 345 RSUs are an award/grant and are not a market sale or purchase.
• A filing does not show why the insider traded or why the company acted.