WESCO CFO granted 24.39 dividend equivalent shares
WESCO International EVP & CFO Indraneel Dev received additional stock-based compensation through dividend equivalents.
Rhea-AI Filing Summary
WESCO International EVP & CFO Indraneel Dev received additional stock-based compensation through dividend equivalents. On this Form 4, he acquired 24.3868 shares of common stock in the form of dividend equivalent rights tied to his existing restricted stock units. These DERs are economically equivalent to common shares and vest on the same schedule as the underlying RSU awards. Following this award, his directly held common stock position reported in this filing increased to a total of 16,880.4556 shares, indicating a routine compensation-related adjustment rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24.3868 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person. Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award.
Key Figures
Key Terms
dividend equivalent rights financial
DERs financial
restricted stock units financial
Form 4 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WESCO (WCC) report for CFO Indraneel Dev?
Was the WESCO (WCC) Form 4 transaction a market purchase or sale?
What are dividend equivalent rights (DERs) in WESCO’s Form 4 filing?
Does the WESCO (WCC) Form 4 indicate any derivative securities remaining for the CFO?
AI-generated analysis. How Rhea-AI works. Not financial advice.