Seagate Technology: director Stephanie Tilenius sold 380 shares

What happened

• Stephanie Tilenius, a director, had multiple transactions on Oct 24, 2026: she sold 380 shares at $630.49 for $239,586 (reported as payment of tax liability), exercised/converted 1,580 derivative shares (reported as M) at $0.00, and was granted/received 345 restricted share units (RSUs) at $0.00.

Key details

• Transaction dates and prices:
  • Oct 24, 2026: exercise/conversion of derivative (M) — 1,580 shares @ $0.00 (acquired)
  • Oct 24, 2026: payment of exercise price or tax liability (F) — 380 shares @ $630.49 (disposed) for $239,586
  • Oct 24, 2026: exercise/conversion of derivative (M) — 1,580 shares @ $0.00 (disposed, listed as derivative)
  • Oct 24, 2026: grant/award (A) — 345 RSUs @ $0.00 (acquired)
• Shares owned after the transaction: not reported in this filing.
• Relevant footnotes:
  • F1: RSUs awarded Oct 25, 2025 under the 2022 Equity Incentive Plan; each RSU converts to one ordinary share; release subject to continued service and timing tied to the next annual general meeting or one year.
  • F2: RSUs awarded Oct 24, 2026 under the 2022 Equity Incentive Plan; each RSU converts to one ordinary share; release subject to continued service and timing tied to the next annual general meeting or one year.
• Filing date and timeliness: filed Oct 26, 2026; the filing does not indicate it was late.

Why it may matter

• The filing shows a tax withholding sale of 380 shares to satisfy tax liability, alongside conversion/exercise of derivatives and a grant of RSUs. This indicates shares were sold as part of tax withholding (a cashless disposition), not as a simple open-market purchase.
• The filing does not show why the insider traded or why the company acted.