Director Prat Bhatt of Seagate Technology Holdings plc filed a Form 4 on October 26, 2026, reporting an RSU vesting event and a new RSU award, both occurring on October 24, 2026, under the company's 2022 Equity Incentive Plan.

Key Highlights

  • RSU vesting: 1,580 restricted share units granted on October 25, 2025 were converted to ordinary shares on October 24, 2026 at a price of $0 (transaction code M).
  • Tax withholding disposal: 380 ordinary shares were disposed of on October 24, 2026 at $630.49 per share to cover tax obligations (transaction code F).
  • New RSU award: 345 restricted share units were granted to Bhatt on October 24, 2026 for no consideration under the 2022 Equity Incentive Plan (transaction code A).
  • Resulting ownership: Following the reported transactions, Bhatt directly holds 14,069 ordinary shares and 345 RSUs.
  • Reporting person role: Prat Bhatt is identified in the filing as a Director of Seagate Technology Holdings plc, listed on NASDAQ:STX.

Seagate Director Prat Bhatt: RSU Settlement and Fresh Grant Details

According to the filing, the 1,580 RSUs that vested on October 24, 2026 were originally awarded on October 25, 2025 under the Seagate Technology Holdings plc 2022 Equity Incentive Plan for no consideration. Each RSU represented a contingent right to receive one ordinary share. The filing states that shares were to be released "on the earlier of (i) one year from the date of grant and (ii) the date of the next annual general meeting of shareholders of the Issuer following the end of the fiscal year ending on July 3, 2026, provided such annual general meeting is at least fifty (50) weeks after the immediately preceding fiscal year's annual general meeting."

Following the vesting, 380 ordinary shares were withheld at a price of $630.49 per share, reducing Bhatt's direct holdings to 14,069 ordinary shares. The filing records this as a disposition coded "F," which corresponds to a payment of exercise price or tax liability using securities.

On the same date, Bhatt received a new award of 345 RSUs under the same 2022 Equity Incentive Plan, also for no consideration. The filing states these units are subject to Bhatt's "continuous service with the Issuer" and will vest on the earlier of one year from grant or the next annual general meeting following the fiscal year ending July 2, 2027, provided that meeting is at least 50 weeks after the preceding fiscal year's annual general meeting. Following this grant, Bhatt holds 345 RSUs. The Form 4 was signed by Louis J. Thorson as attorney-in-fact for Prat Bhatt on October 26, 2026.

What Was Disclosed

The filing discloses that Director Prat Bhatt vested 1,580 RSUs into ordinary shares, disposed of 380 shares at $630.49 for tax purposes, and received a new grant of 345 RSUs, all on October 24, 2026, under Seagate's 2022 Equity Incentive Plan.