XML 40 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Pay vs Performance Disclosure
12 Months Ended
Jun. 27, 2025
USD ($)
Jun. 28, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jul. 01, 2022
USD ($)
Jul. 02, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
(a)
Summary Compensation Table Total for William D. Mosley (1)
 (b)
Compensation Actually Paid to William D. Mosley (1)(2)(3)
(c)
Average Summary Compensation
Table Total for
Non-PEO NEOs
(d)
Average Compensation Actually Paid to Non-PEO NEOs (2)(3)
(e)
Value of Initial Fixed $100 Investment Based On: (4)
Net Income ($)(m)
(h)
Company Selected Measure: ROIC (%)(5)
(i)
TSR
(f)
Peer Group TSR
(g)
2025$17,176,927$57,393,073$5,546,701$14,650,182$358$229$1,469116%
202413,631,72731,274,7814,417,5988,654,37825524133564%
202311,436,2084,811,5983,270,494171,402147215(529)16%
202213,210,3183,559,1866,482,6623,153,5511571551,64978%
202111,641,18936,801,6113,241,8708,283,0271921561,31477%
       
Company Selected Measure Name return on invested capital        
Named Executive Officers, Footnote William D. Mosley was our PEO during all of our fiscal years 2021, 2022, 2023, 2024, and 2025. The individuals comprising the non-PEO NEOs for each fiscal year presented are: (i) in Fiscal Year 2025, Mr. Romano, Mr. Teh, Dr. Morris, and Mr. Lee, (ii) in fiscal year 2024, Mr. Romano, Mr. Teh, Dr. Morris, and Mr. Chong, (iii) in fiscal year 2023, Mr. Romano, Mr. Teh, Ms. Katherine E. Schuelke, Mr. Jeffrey D. Nygaard, and Mr. Ravi Naik, (iv) in fiscal year 2022, Mr. Romano, Mr. Nygaard, Mr. Naik, and Mr. Teh, and (v) in fiscal year 2021, Mr. Romano, Mr. Nygaard, Mr. Naik, and Mr. Teh.        
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table shows the cumulative total shareholder return with respect to the Dow Jones US Computer Hardware Index (“DJUSCR Index”), which we also utilized in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Reports for the fiscal years 2021, 2022, 2023, 2024, and 2025. The Company’s TSR and the Peer Group TSR assume that a fixed amount of $100 was invested for the period starting July 2, 2020 (which is the last trading day of fiscal year 2020), through the end of the listed year in the company and in the DJUSCR Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.        
PEO Total Compensation Amount $ 17,176,927 $ 13,631,727 $ 11,436,208 $ 13,210,318 $ 11,641,189
PEO Actually Paid Compensation Amount $ 57,393,073 31,274,781 4,811,598 3,559,186 36,801,611
Adjustment To PEO Compensation, Footnote The following provides additional information regarding the adjustments made to the amounts reported in the "Total" column of the Summary Compensation Table for our PEO and the non-PEO NEOs in order to determine Compensation Actually Paid. Fair Value amounts are calculated in accordance with FASB ASC Topic 718.
SCT
(a)
Grant Date Value of New Awards
(b)
Year-End Fair Value of New Awards
(i)
Change in Value of Outstanding and Unvested Awards Granted in Prior Fiscal Years
(ii)
Change in Value of Vested Awards Granted in Prior Fiscal Years
(iii)
Fair Value of Vested Awards Granted and Vested in Current Fiscal Year
(iv)
Fair Value at Start of Fiscal Year of Awards That Failed to Meet Vesting Conditions
(v)
Total Equity Award Adjustments
(c) = (i)+(ii)+(iii)+(iv)+(v)
CAP
 (a)-(b)+(c)
PEO ($)
17,176,92716,068,38628,839,55423,211,2124,233,76556,284,53257,393,073
Non-PEO NEOs ($)
5,546,7014,981,0228,285,4615,222,751769,907(193,617)14,084,50314,650,182
       
Non-PEO NEO Average Total Compensation Amount $ 5,546,701 4,417,598 3,270,494 6,482,662 3,241,870
Non-PEO NEO Average Compensation Actually Paid Amount $ 14,650,182 8,654,378 171,402 3,153,551 8,283,027
Adjustment to Non-PEO NEO Compensation Footnote The following provides additional information regarding the adjustments made to the amounts reported in the "Total" column of the Summary Compensation Table for our PEO and the non-PEO NEOs in order to determine Compensation Actually Paid. Fair Value amounts are calculated in accordance with FASB ASC Topic 718.
SCT
(a)
Grant Date Value of New Awards
(b)
Year-End Fair Value of New Awards
(i)
Change in Value of Outstanding and Unvested Awards Granted in Prior Fiscal Years
(ii)
Change in Value of Vested Awards Granted in Prior Fiscal Years
(iii)
Fair Value of Vested Awards Granted and Vested in Current Fiscal Year
(iv)
Fair Value at Start of Fiscal Year of Awards That Failed to Meet Vesting Conditions
(v)
Total Equity Award Adjustments
(c) = (i)+(ii)+(iii)+(iv)+(v)
CAP
 (a)-(b)+(c)
PEO ($)
17,176,92716,068,38628,839,55423,211,2124,233,76556,284,53257,393,073
Non-PEO NEOs ($)
5,546,7014,981,0228,285,4615,222,751769,907(193,617)14,084,50314,650,182
       
Compensation Actually Paid vs. Total Shareholder Return
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and the company’s and DJUSCR Index’s cumulative TSRs over the five most recently completed fiscal years.
MetricFY 2021FY 2022FY 2023FY 2024FY 2025
PEO CAP ($M) - Mosley, William D.
$36.80$3.56$4.81$31.27$57.39
Avg NEO CAP ($M)$8.28$3.15$0.17$8.65$14.65
STX TSR$191.51$156.97$147.42$254.60$358.36
Dow Jones U.S. Computer Hardware Index TSR$156.17$154.70$214.78$240.82$229.41

STX vs TSR.jpg
       
Compensation Actually Paid vs. Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our Net Income during the four most recently completed fiscal years.
MetricFY 2021FY 2022FY 2023FY 2024FY 2025
PEO CAP ($M) - Mosley, William D.
$36.80$3.56$4.81$31.27$57.39
Avg NEO CAP ($M)$8.28$3.15$0.17$8.65$14.65
Net Income ($M)$1,314$1,649$(529)$335$1,469

STX vs Net Income.jpg
       
Compensation Actually Paid vs. Company Selected Measure
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our Company Selected Measure which was ROIC during the four most recently completed fiscal years.
MetricFY 2021FY 2022FY 2023FY 2024FY 2025
PEO CAP ($M) - Mosley, William D.
$36.80$3.56$4.81$31.27$57.39
Avg NEO CAP ($M)$8.28$3.15$0.17$8.65$14.65
ROIC77 %78 %16 %64 %116 %

STX vs ROIC updated.jpg
       
Total Shareholder Return Vs Peer Group
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and the company’s and DJUSCR Index’s cumulative TSRs over the five most recently completed fiscal years.
MetricFY 2021FY 2022FY 2023FY 2024FY 2025
PEO CAP ($M) - Mosley, William D.
$36.80$3.56$4.81$31.27$57.39
Avg NEO CAP ($M)$8.28$3.15$0.17$8.65$14.65
STX TSR$191.51$156.97$147.42$254.60$358.36
Dow Jones U.S. Computer Hardware Index TSR$156.17$154.70$214.78$240.82$229.41

STX vs TSR.jpg
       
Tabular List, Table
Performance Measures
Relative TSR
Return on Invested Capital ("ROIC")
Adjusted Operating Margin ("AOM")
Revenue
Total Customer Experience ("TCE")
       
Total Shareholder Return Amount $ 358 255 147 157 192
Peer Group Total Shareholder Return Amount 229 241 215 155 156
Net Income (Loss) $ 1,469,000,000 $ 335,000,000 $ (529,000,000) $ 1,649,000,000 $ 1,314,000,000
Company Selected Measure Amount 1.16 0.64 0.16 0.78 0.77
PEO Name William D. Mosley        
Additional 402(v) Disclosure The amounts shown for Compensation Actually Paid, or "CAP", have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs during the applicable year. These amounts reflect the amounts reported in the "Total" column of the Summary Compensation Table with certain adjustments as described in footnote 3 below.We determined ROIC, or return on invested capital, to be the most important financial performance measure used to link company performance to Compensation Actually Paid to our PEOs and non-PEO NEOs in Fiscal Year 2025. This performance measure may not have been the most important financial performance measure for other fiscal years shown in the table above and we may determine a different financial performance measure to be the most important financial performance measure in future years. For Fiscal Years 2024 and 2025, ROIC is calculated as (i) adjusted operating income minus the non-GAAP tax expense (benefit), divided by (ii) (x) adjusted net plant, property, and equipment plus total current assets minus cash and cash equivalents, minus (y) total current liabilities excluding debt. For fiscal years 2021, 2022, and 2023, the calculation was determined using the same methodology, except for the numerator which was (i) adjusted operating income multiplied by (1 minus the average tax rate). All values represent U.S. GAAP results except adjusted operating income, non-GAAP tax expense (benefit), and adjusted net plant, property, and equipment. Adjusted operating income, used to determine ROIC, is operating income adjusted to exclude the impact of (a) share-based compensation expense and (b) material, unusual, or non-recurring gains and losses, accounting charges, or other extraordinary events that were not foreseen at the time the performance measure was established, in each case of (a) and (b), as publicly reported in the Company’s U.S. Non-GAAP financial measures each quarter. Adjusted net plant, property, and equipment includes net plant, property, and equipment and the net value of right of use assets acquired through finance leasing.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Relative TSR        
Measure:: 2          
Pay vs Performance Disclosure          
Name Return on Invested Capital ("ROIC")        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Operating Margin ("AOM")        
Measure:: 4          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 5          
Pay vs Performance Disclosure          
Name Total Customer Experience ("TCE")        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 56,284,532        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (16,068,386)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 28,839,554        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 23,211,212        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,233,765        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,084,503        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,981,022)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,285,461        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,222,751        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 769,907        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (193,617)