WESCO EVP exercises rights, sells 4,987 shares
WESCO International EVP & CHRO Christine Ann Wolf reported a series of stock transactions involving option exercises, tax withholding, and open-market sales.
Rhea-AI Filing Summary
WESCO International EVP & CHRO Christine Ann Wolf reported a series of stock transactions involving option exercises, tax withholding, and open-market sales. She exercised Stock Appreciation Rights covering 5,231 shares of common stock at an exercise price of $48.32 per share, converting them into common shares. To cover tax obligations and related items, 1,961 shares were used in a tax-withholding disposition and 721 shares were disposed to the issuer. Wolf then conducted open-market sales totaling 4,987 shares of common stock at prices around $351–$355 per share. After these transactions, she directly holds 29,570.1972 shares of WESCO common stock.
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Insights
Executive exercises stock rights and sells a portion of resulting shares, retaining a sizable stake.
Christine Ann Wolf, EVP & CHRO of WESCO International, exercised Stock Appreciation Rights for 5,231 shares at an exercise price of $48.32 per share and converted them into common stock. A portion of these shares was withheld or returned to the issuer to satisfy tax and related obligations.
She then executed open-market sales totaling 4,987 common shares at prices near $351–$355 per share. Following these transactions, Wolf holds 29,570.1972 shares directly, indicating this is a partial monetization rather than a full exit from her equity position.
The pattern combines compensation-driven exercises, tax withholding, and discretionary selling. It appears consistent with routine executive equity management rather than a transformative event, so the informational impact for investors is limited based on the disclosed data.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,549 | $355.25 | $906K |
| Exercise | Stock Appreciation Rights | 5,231 | $0.00 | $0.00 |
| Sale | Common Stock | 2,438 | $351.16 | $856K |
| Exercise | Common Stock | 5,231 | $48.32 | $253K |
| Disposition | Common Stock | 721 | $350.59 | $253K |
| Exercise Price or Tax Liability | Common Stock | 1,961 | $350.59 | $688K |
Footnotes (1)
- F1. The Stock Appreciation Rights became exercisable in three (3) equal, annual installments beginning on the first anniversary of the February 13, 2020 grant date.
Key Figures
Key Terms
Stock Appreciation Rights financial
open-market sale financial
tax-withholding disposition financial
disposition to issuer financial
FAQ
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