Seagate Technology management check
STX · Information Technology · Technology Hardware, Storage & Peripherals · CEO William D. Mosley
Filings as of
5 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2022 grew to $1094, against $250 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 1.00 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.8% of net income$26.9m of reported pay in fiscal 2026, against $3.2bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 13 years of payThe CEO holds 372,750.25 shares, directly or through trusts (unvested awards not counted): about 13 years of pay. 9 insiders sold $505.5m in the last six months and none bought. 543 of 577 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Stock pay 2.2% of revenueStock-based pay was 2.2% of revenue in the latest year.
- Good
Is leadership stable?
8 leadership filings in 3 yearsCEO in the pay table: William D. Mosley. 8 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 33 | |
| Pay for performance | 100 | 87 | |
| CEO cost | 56 | 35 | |
| Skin in the game | 71 | 47 | |
| Dilution | 85 | 56 | |
| Stable leadership | 85 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Technology Hardware, Storage & Peripherals, by management score. Seagate Technology is 5th of 73 in its sector.
- 3SNDKSandisk94
- 7DELLDell Technologies90
- 24STXSeagate Technology85
- 178WDCWestern Digital70
- 195PEverpure69
- 204AAPLApple Inc.68
- 295SMCISupermicro62
- 348NTAPNetApp58
- 387HPQHP Inc.55
- 403HPEHewlett Packard Enterprise53
Pay versus performance
From the proxy statement filed September 8, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | William D. Mosley | $26.9m | $606.4m | $7.5m | $1094 | $250 | $3.2bn |
| 2025 | — | $17.2m | $57.4m | $5.5m | $187 | $153 | $1.5bn |
| 2024 | — | $13.6m | $31.3m | $4.4m | $133 | $157 | $335.0m |
| 2023 | — | $11.4m | $4.8m | $3.3m | $77 | $140 | −$529.0m |
| 2022 | — | $13.2m | $3.6m | $6.5m | $82 | $100 | $1.6bn |
The board says pay is tied most to return on invested capital. Its other key measures: Relative TSR, Return on Invested Capital (“ROIC”), Adjusted Operating Margin (“AOM”), Revenue, Total Customer Experience (“TCE”).
Insiders and the CEO's stake
William D Mosley (CEO) held 372,750.25 shares directly after their latest Form 4 on Oct 1, 2026, roughly $352.6m at that filing's price.
9 insiders sold $505.5m in the last six months and none bought. 543 of 577 sales ran on pre-arranged 10b5-1 plans.
- SoldWilliam D MosleyCEO$252.8mOct 1, 2026
- SoldGianluca RomanoEVP & CFO$128.9mSep 15, 2026
- SoldBan Seng TehEVP & Chief Commercial Officer$77.0mSep 15, 2026
- SoldJohn Christopher MorrisEVP & CTO$30.4mSep 21, 2026
Leadership and governance on file
- Sep 4, 2026Leadership change8-K 5.02
- May 6, 2026Leadership change8-K 5.02
- Oct 28, 2025Leadership change8-K 5.02
- Aug 26, 2025Leadership change8-K 5.02
- May 8, 2025Leadership change8-K 5.02
- Aug 29, 2024Leadership change8-K 5.02
- Apr 25, 2024Leadership change8-K 5.02
- Jan 2, 2024Leadership change8-K 5.02
- Jul 24, 2023Leadership change8-K 5.02
- Apr 20, 2023Leadership change8-K 5.02
- Mar 29, 2023Leadership change8-K 5.02
- Nov 9, 2022Leadership change8-K 5.02
Latest shareholder vote results: Oct 28, 2025, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.3bn returned to owners in buybacks and dividends, 132% of net income, and $584.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $10.7bn | $11.7bn | $6.6bn | $9.1bn | — |
| Net income | $1.3bn | $1.6bn | $335.0m | $1.5bn | — |
| Stock-based pay | $112.0m | $145.0m | $127.0m | $200.0m | — |
| Buybacks | $2.0bn | $1.8bn | $0 | $0 | — |
| Dividends | $649.0m | $610.0m | $585.0m | $600.0m | — |
| Diluted shares | 245m | 224m | 212m | 217m | — |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.