SEC Form 4 · accession 0001137789-18-000064
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen J Luczo
Officer — Executive Chairman & COB · Director
Period of report
Sep 22, 2018
Accepted (ET)
Sep 25, 2018 · 6:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137789
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Sep 22, 2018 | A | 91,233 | $0.00 | A | 91,233 | D | |
| Ordinary SharesF2 | Sep 22, 2018 | F | 45,234 | $49.28 | D | 45,999 | D | |
| Ordinary Shares | holding | — | — | — | 771,907 | I | Stephen J Luczo Revocable Trust dated January 26, 2001 | |
| Ordinary Shares | holding | — | — | — | 381,411 | I | Stephen J. Luczo 2016 GRAT | |
| Ordinary Shares | holding | — | — | — | 250,000 | I | Stephen J. Luczo 2017 GRAT |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 22, 2018, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 91,233 of the 101,369 Performance Share Units granted to Mr. Luczo on September 9, 2015. Achievement of performance objectives resulted in the Reporting Person earning Ordinary Shares in the amount of 90% of the Performance Share Units grants. The 91,233 Ordinary Shares vested on September 22, 2018.
- F2These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of the above-listed Performance Share Units.