Seagate Technology Holdings plc (NASDAQ:STX) EVP and Chief Commercial Officer Teh Ban Seng filed a Form 4 on September 15, 2026, reporting the vesting of restricted share units and a subsequent sale of ordinary shares on September 11 and September 14, 2026, respectively.

Key Highlights

  • RSU vesting: 989 restricted share units converted to ordinary shares on September 11, 2026, at a price of $0, acquired under transaction code M.
  • Share sale: 989 ordinary shares were sold on September 14, 2026, at a price of $779 per share under transaction code S.
  • Rule 10b5-1 plan: According to the filing, the sale was made under a Rule 10b5-1 trading plan adopted by Teh Ban Seng on February 11, 2026.
  • Remaining direct ownership: Following these transactions, the reporting person directly holds 5,810 ordinary shares.
  • Derivative securities: 3,956 restricted share units remain beneficially owned directly following the reported transactions.
  • RSU plan details: The vested RSUs were awarded under the Seagate Technology plc 2022 Equity Incentive Plan, subject to a four-year vesting schedule with one-quarter vesting starting September 11, 2024, and equal quarterly installments thereafter.

Seagate CCO Reports RSU Vesting and Planned Share Sale in September 2026

According to the Form 4 filed with the SEC on September 15, 2026, Teh Ban Seng, EVP and Chief Commercial Officer of Seagate Technology Holdings plc, reported two transactions in the company's ordinary shares. On September 11, 2026, 989 restricted share units vested and were acquired as ordinary shares at a price of $0, bringing the reporting person's direct beneficial ownership to 6,799 ordinary shares at that point.

On September 14, 2026, the filing discloses that 989 ordinary shares were disposed of at a price of $779 per share. The filing notes that these shares were sold under a Rule 10b5-1 trading plan that the reporting person adopted on February 11, 2026. Following this sale, direct beneficial ownership in ordinary shares stood at 5,810 shares, according to the filing.

In Table II, the filing reports that 989 restricted share units were disposed of through conversion (transaction code M) on September 11, 2026. The RSUs were granted under the Seagate Technology plc 2022 Equity Incentive Plan, with a four-year vesting schedule. The filing states that, subject to continuous employment, one-quarter of the award vested beginning September 11, 2024, with the remainder vesting in equal quarterly installments thereafter. After these transactions, 3,956 restricted share units remain directly held by the reporting person.

What Was Disclosed

The filing reports RSU vesting and a planned sale of 989 ordinary shares by Seagate's Chief Commercial Officer, executed under a pre-established Rule 10b5-1 trading plan. Direct holdings of ordinary shares following the transactions total 5,810, with 3,956 RSUs remaining.