EVP & CTO John Christopher Morris sells 1,364 shares at $880.19 ($1.2M) via scheduled 10b5-1 plan; retains 12,088 shares plus 4,710 RSUs.
John Christopher Morris executed 2 separate sales totaling 1,364 shares for $1,200,579.16 on 2026-06-12 at an average price of $880.19, reducing his non-derivative holdings by 10.1% to 12,088 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2026-01-29, indicating these sales are scheduled and not discretionary. Morris retains meaningful non-derivative holdings alongside 4,710 restricted share units, preserving significant equity stake in the company. The stock has appreciated 28.1% over the past 30 days and is trading at $1018.80 currently, 1.3% below its 52-week high of $1032.52, reflecting strong recent momentum in Seagate's shares. The scheduled nature of this sale through a pre-arranged plan removes any timing signal regarding the insider's confidence in the stock's direction.