SEC Form 4 · accession 0001720273-18-000006
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D. Nygaard
Officer — Executive Vice President
Period of report
Sep 22, 2018
Accepted (ET)
Sep 25, 2018 · 6:50 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 | 3,942 | $0.00 | A | 13,960 | D | |
| Ordinary SharesF2 | Sep 22, 2018 | F | 1,734 | $49.28 | D | 12,226 | D | |
| Ordinary Shares | holding | — | — | — | 23,612 | I | Jeffrey D. Nygaard Revocable Trust U/A Dated August 17, 2009 |
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 3,942 of the 4,380 Performance Share Units granted to Mr. Nygaard 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 granted. The 3,942 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.