Director Michael R. Cannon filed a Form 4 with the SEC on October 26, 2026, reporting two transactions in Seagate Technology Holdings plc ordinary shares on October 24, 2026: the vesting of 1,868 restricted share units and the disposition of 449 shares to cover tax withholding.

Key Highlights

  • RSU vesting: Cannon acquired 1,868 ordinary shares on October 24, 2026, via the settlement of restricted share units at a price of $0, under transaction code M.
  • Tax-related disposition: 449 ordinary shares were disposed of on October 24, 2026, at a price of $630.49 per share under transaction code F.
  • Direct ownership following transactions: Cannon directly holds 14,858 ordinary shares after the reported transactions.
  • Indirect ownership: An additional 6,885 ordinary shares are held indirectly through the Michael R. Cannon Trust.
  • RSU grant origin: According to the filing, the RSUs were originally awarded on October 25, 2025, under the Seagate Technology Holdings plc 2022 Equity Incentive Plan for no consideration.
  • Role: Cannon is identified in the filing as a Director of Seagate Technology Holdings plc (NASDAQ:STX).

Cannon's October 2026 RSU Settlement and Share Withholding at Seagate

According to the Form 4 filed on October 26, 2026, Michael R. Cannon, a Director of Seagate Technology Holdings plc, reported two transactions dated October 24, 2026. First, 1,868 ordinary shares were acquired through the settlement of restricted share units at a transaction price of $0, reflecting the conversion of RSUs into actual shares. Second, 449 ordinary shares were disposed of at $630.49 per share, coded as an "F" transaction, which the filing structure indicates represents shares withheld for tax purposes.

The filing's footnote explains that the RSUs were originally granted on October 25, 2025, under the Seagate Technology Holdings plc 2022 Equity Incentive Plan "for no consideration." The footnote states that "each RSU represents a contingent right to receive one Ordinary Share of the Issuer," and that release is subject to the reporting person's continuous service, occurring on the earlier of one year from the grant date or the date of the next annual general meeting following the fiscal year ending July 3, 2026, provided that meeting is at least 50 weeks after the prior fiscal year's annual general meeting.

Following these transactions, the filing reports Cannon directly owns 14,858 ordinary shares. An additional 6,885 ordinary shares are held indirectly through the Michael R. Cannon Trust. The Form 4 was signed by Louis A. Thorson as attorney-in-fact for Michael R. Cannon, dated October 26, 2026. No derivative securities remain outstanding following the RSU settlement, as the filing reports zero derivative securities beneficially owned after the transaction.

What Was Disclosed

Seagate director Michael R. Cannon disclosed the October 24, 2026 vesting of 1,868 RSUs and the withholding of 449 shares at $630.49, leaving him with 14,858 directly held ordinary shares and 6,885 shares held through a trust.