Last week three insiders at Seagate Technology PLC (NASDAQ:STX) completed stock dispositions of different volumes. The company’s Chairman and Chief Executive Officer, Stephen Luzco, executed the largest transaction by selling 150,000 Ordinary Shares on Thursday. The shares were sold indirectly through the Stephen Luzco Revocable Trust and for a price of $59.00 per share. Following the disposition, Luzco now holds a total of 1,365,265 company shares.
David Richarz, Executive Vice President of Sales at Seagate, completed the second largest disposition by unloading 25,650 Ordinary Shares, directly, on Friday. The stock was sold at a price of $59.55 per share and the insider also exercised his use of stock options in order to complete the sale. Company Director Frank Biondi completed the third insider trade of the week, as he sold 10,000 Ordinary Shares, directly, for a price of $59.54 per share, in addition to exercising his use of stock options. Following the transaction, the insider holds a total of 5,952 company shares to his name.
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