[8-K] Gladstone Land Corporation Reports Material Event
On 08/06/2025, Seagate Technology Holdings plc (STX) director Jay L. Geldmacher filed a Form 4 reporting the sale of 2,500 ordinary shares at $150.50 per share, a cash value of roughly $376 k. After the sale, the director鈥檚 direct ownership fell to 352 shares. No derivative transactions were disclosed and the filing does not reference a Rule 10b5-1 plan. While modest relative to Seagate鈥檚 float, the transaction represents a substantial reduction in Geldmacher鈥檚 personal stake.
Il 08/06/2025, il direttore di Seagate Technology Holdings plc (STX), Jay L. Geldmacher, ha presentato un modulo Form 4 segnalando la vendita di 2.500 azioni ordinarie a 150,50 $ per azione, per un valore in contanti di circa 376.000 $. Dopo la vendita, la propriet脿 diretta del direttore 猫 scesa a 352 azioni. Non sono state dichiarate transazioni derivate e la documentazione non fa riferimento a un piano Rule 10b5-1. Sebbene modesta rispetto al flottante di Seagate, l'operazione rappresenta una riduzione significativa della partecipazione personale di Geldmacher.
El 08/06/2025, el director de Seagate Technology Holdings plc (STX), Jay L. Geldmacher, present贸 un Formulario 4 informando la venta de 2,500 acciones ordinarias a $150.50 por acci贸n, con un valor en efectivo aproximado de $376,000. Tras la venta, la propiedad directa del director se redujo a 352 acciones. No se divulgaron transacciones derivadas y la presentaci贸n no menciona un plan Rule 10b5-1. Aunque modesta en relaci贸n con el flotante de Seagate, la transacci贸n representa una reducci贸n sustancial en la participaci贸n personal de Geldmacher.
2025雲� 6鞗� 8鞚�, Seagate Technology Holdings plc (STX) 鞚挫偓 Jay L. Geldmacher臧� Form 4毳� 鞝滌稖頃橃棳 2,500欤� 氤错喌欤� 毵り皝鞚� 欤茧嫻 $150.50鞐� 氤搓碃頄堨溂氅�, 順勱笀 臧�旃橂姅 鞎� $376,000鞐� 雼暕雼堧嫟. 毵り皝 頉� 鞚挫偓鞚� 歆侅爲 氤挫湢 欤检嫕鞚� 352欤�搿� 臧愳唽頄堨姷雼堧嫟. 韺岇儩 瓯半灅電� 瓿店皽霅橃 鞎婌晿鞙茧┌, 鞝滌稖靹滊鞐愲姅 Rule 10b5-1 瓿勴殟鞐� 雽�頃� 鞏戈笁鞚� 鞐嗢姷雼堧嫟. Seagate鞚� 鞙犿喌 欤检嫕 靾橃棎 牍勴暣 鞝侅潃 攴滊鞚挫毵�, 鞚� 瓯半灅電� Geldmacher鞚� 臧滌澑 歆�攵勳潉 靸侂嫻頌� 欷勳澑 瓴冹瀰雼堧嫟.
Le 08/06/2025, le directeur de Seagate Technology Holdings plc (STX), Jay L. Geldmacher, a d茅pos茅 un formulaire 4 signalant la vente de 2 500 actions ordinaires au prix de 150,50 $ par action, pour une valeur en esp猫ces d'environ 376 000 $. Apr猫s la vente, la d茅tention directe du directeur est tomb茅e 脿 352 actions. Aucune transaction d茅riv茅e n鈥檃 茅t茅 divulgu茅e et le d茅p么t ne fait pas r茅f茅rence 脿 un plan Rule 10b5-1. Bien que modeste par rapport au flottant de Seagate, cette op茅ration repr茅sente une r茅duction substantielle de la participation personnelle de Geldmacher.
Am 08.06.2025 reichte der Direktor von Seagate Technology Holdings plc (STX), Jay L. Geldmacher, ein Formular 4 ein, in dem der Verkauf von 2.500 Stammaktien zu je 150,50 $ gemeldet wurde, was einem Barwert von etwa 376.000 $ entspricht. Nach dem Verkauf sank der direkte Besitz des Direktors auf 352 Aktien. Es wurden keine derivativen Transaktionen offengelegt, und in der Einreichung wird kein Rule 10b5-1-Plan erw盲hnt. Obwohl die Transaktion im Verh盲ltnis zum Streubesitz von Seagate eher gering ist, stellt sie eine erhebliche Reduzierung von Geldmachers pers枚nlichem Anteil dar.
- None.
- Director sold 2,500 shares at $150.50, cutting stake to just 352 shares, a potential negative insider-sentiment signal.
Insights
TL;DR: Director off-loads 2,500 shares; negative signal but immaterial to STX fundamentals.
The sale equates to ~0.0005% of STX鈥檚 200 m fully-diluted shares and 鈮�$0.38 m in proceeds. Although small versus market cap, the director retained only 352 shares, implying a material personal divestiture. Insider sales can precede performance soft spots, yet single-event data are statistically weak predictors. No derivatives or structured selling plan lessen the transparency of intent. I view the impact as slightly negative for sentiment but not financially material.
TL;DR: Large percentage reduction of director holding may raise governance eyebrows.
Best-practice governance favors directors maintaining meaningful 鈥渟kin in the game.鈥� Geldmacher鈥檚 remaining 352 shares (~$53 k) offer minimal alignment relative to board compensation. The lack of a 10b5-1 plan and the near-complete liquidation can be viewed skeptically by investors assessing board commitment. However, absence of multiple insiders selling limits broader concern.
Il 08/06/2025, il direttore di Seagate Technology Holdings plc (STX), Jay L. Geldmacher, ha presentato un modulo Form 4 segnalando la vendita di 2.500 azioni ordinarie a 150,50 $ per azione, per un valore in contanti di circa 376.000 $. Dopo la vendita, la propriet脿 diretta del direttore 猫 scesa a 352 azioni. Non sono state dichiarate transazioni derivate e la documentazione non fa riferimento a un piano Rule 10b5-1. Sebbene modesta rispetto al flottante di Seagate, l'operazione rappresenta una riduzione significativa della partecipazione personale di Geldmacher.
El 08/06/2025, el director de Seagate Technology Holdings plc (STX), Jay L. Geldmacher, present贸 un Formulario 4 informando la venta de 2,500 acciones ordinarias a $150.50 por acci贸n, con un valor en efectivo aproximado de $376,000. Tras la venta, la propiedad directa del director se redujo a 352 acciones. No se divulgaron transacciones derivadas y la presentaci贸n no menciona un plan Rule 10b5-1. Aunque modesta en relaci贸n con el flotante de Seagate, la transacci贸n representa una reducci贸n sustancial en la participaci贸n personal de Geldmacher.
2025雲� 6鞗� 8鞚�, Seagate Technology Holdings plc (STX) 鞚挫偓 Jay L. Geldmacher臧� Form 4毳� 鞝滌稖頃橃棳 2,500欤� 氤错喌欤� 毵り皝鞚� 欤茧嫻 $150.50鞐� 氤搓碃頄堨溂氅�, 順勱笀 臧�旃橂姅 鞎� $376,000鞐� 雼暕雼堧嫟. 毵り皝 頉� 鞚挫偓鞚� 歆侅爲 氤挫湢 欤检嫕鞚� 352欤�搿� 臧愳唽頄堨姷雼堧嫟. 韺岇儩 瓯半灅電� 瓿店皽霅橃 鞎婌晿鞙茧┌, 鞝滌稖靹滊鞐愲姅 Rule 10b5-1 瓿勴殟鞐� 雽�頃� 鞏戈笁鞚� 鞐嗢姷雼堧嫟. Seagate鞚� 鞙犿喌 欤检嫕 靾橃棎 牍勴暣 鞝侅潃 攴滊鞚挫毵�, 鞚� 瓯半灅電� Geldmacher鞚� 臧滌澑 歆�攵勳潉 靸侂嫻頌� 欷勳澑 瓴冹瀰雼堧嫟.
Le 08/06/2025, le directeur de Seagate Technology Holdings plc (STX), Jay L. Geldmacher, a d茅pos茅 un formulaire 4 signalant la vente de 2 500 actions ordinaires au prix de 150,50 $ par action, pour une valeur en esp猫ces d'environ 376 000 $. Apr猫s la vente, la d茅tention directe du directeur est tomb茅e 脿 352 actions. Aucune transaction d茅riv茅e n鈥檃 茅t茅 divulgu茅e et le d茅p么t ne fait pas r茅f茅rence 脿 un plan Rule 10b5-1. Bien que modeste par rapport au flottant de Seagate, cette op茅ration repr茅sente une r茅duction substantielle de la participation personnelle de Geldmacher.
Am 08.06.2025 reichte der Direktor von Seagate Technology Holdings plc (STX), Jay L. Geldmacher, ein Formular 4 ein, in dem der Verkauf von 2.500 Stammaktien zu je 150,50 $ gemeldet wurde, was einem Barwert von etwa 376.000 $ entspricht. Nach dem Verkauf sank der direkte Besitz des Direktors auf 352 Aktien. Es wurden keine derivativen Transaktionen offengelegt, und in der Einreichung wird kein Rule 10b5-1-Plan erw盲hnt. Obwohl die Transaktion im Verh盲ltnis zum Streubesitz von Seagate eher gering ist, stellt sie eine erhebliche Reduzierung von Geldmachers pers枚nlichem Anteil dar.
FAQ
How many Seagate (STX) shares did Director Jay Geldmacher sell?
What was the sale price disclosed in the Form 4?
How many STX shares does the director now own?
Was a Rule 10b5-1 trading plan cited?
Is this transaction considered material to Seagate鈥檚 finances?
