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WESCO International Completes Preferred Stock Redemption at $25 Per Share

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Wesco International (WCC) reports a significant insider transaction involving EVP & GM of Communications & Security Solutions, William Clayton Geary. On June 22, 2025, the company executed a complete redemption of its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock.

Key transaction details:

  • Redemption of 4,562 shares of Series A Preferred Stock at $25 per depositary share (plus accrued/unpaid dividends)
  • Following the transaction, Geary maintains direct ownership of 55,851.6042 shares of Common Stock
  • The redemption price was set according to the Certificate of Designations, at $25,000 per Preferred Stock share

This mandatory redemption represents a significant corporate action affecting the company's preferred stock structure, potentially impacting its capital structure and dividend obligations.

Positive

  • Company redeemed all outstanding Series A Preferred Stock at $25,000 per share, simplifying capital structure and eliminating preferred dividend obligations

Negative

  • None.
Insider Geary William Clayton
Role EVP & GM, Comm & Sec Solutions
Type Security Shares Price Value
Other Series A Preferred Stock 4,562 $25.00 $114K
holding Common Stock -- -- --
Holdings After Transaction: Series A Preferred Stock — 0 shares (Direct); Common Stock — 55,851.604 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Geary William Clayton
(Last) (First) (Middle)
225 WEST STATION SQUARE DRIVE
SUITE 700
(Street)
PITTSBURGH PA 15219
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WESCO INTERNATIONAL INC [ WCC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & GM, Comm & Sec Solutions
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series A Preferred Stock 06/22/2025 J(1) 4,562 D $25 0 D
Common Stock 55,851.6042 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On June 22, 2025, the Issuer redeemed all of its outstanding shares of 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock, par value $1.01 per share (the "Series A Preferred Stock"), and the corresponding depositary shares, each representing 1/1,1000th of one share of Series A Preferred Stock, at the redemption price specified in the Issuer's Certificate of Designations of Series A Preferred Stock, equal to $25,000 per share of Series A Preferred Stock (plus accrued and unpaid dividends), or $25 per depositary share (plus accrued and unpaid dividends).
/s/ Michele Nelson, as Attorney-in-Fact 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction occurred at WCC on June 22, 2025?

On June 22, 2025, WESCO International (WCC) redeemed all outstanding shares of its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock. The redemption affected William Clayton Geary, EVP & GM of Commercial & Security Solutions, who held 4,562 shares of Series A Preferred Stock.

What was the redemption price for WCC's Series A Preferred Stock in June 2025?

WCC redeemed the Series A Preferred Stock at $25,000 per share (plus accrued and unpaid dividends), or $25 per depositary share (plus accrued and unpaid dividends). Each depositary share represented 1/1,000th of one share of Series A Preferred Stock.

How many shares of WCC common stock does William Clayton Geary own?

According to the Form 4 filing, William Clayton Geary beneficially owns 55,851.6042 shares of WCC common stock directly following the reported transaction.

What is William Clayton Geary's position at WCC?

William Clayton Geary serves as Executive Vice President (EVP) and General Manager of Commercial & Security Solutions at WESCO International Inc.