WESCO (NYSE: WCC) EVP reports RSU-related tax withholding of shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International executive Akash Khurana reported a small, non-open-market share disposition related to taxes on restricted stock units (RSUs). On the vesting of RSUs granted on February 16, 2023, 233.6377 shares of common stock were withheld at a price of $307.10 per share to cover tax obligations. After this tax-withholding disposition, Khurana directly owned 33,908.7581 shares of WESCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Khurana Akash
Role
EVP, Chief Info & Digital Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 233.638 | $307.10 | $72K |
Holdings After Transaction:
Common Stock — 33,908.758 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WESCO (WCC) report for Akash Khurana?
WESCO reported that executive Akash Khurana had 233.6377 shares of common stock withheld to cover taxes on vesting RSUs. This was a tax-withholding disposition, not an open-market trade, and followed RSUs originally granted on February 16, 2023.
What does Form 4 code F mean in the WESCO (WCC) filing?
Form 4 code F indicates a payment of exercise price or tax liability by delivering securities. In this case, 233.6377 WESCO common shares were withheld to cover taxes when RSUs granted on February 16, 2023 vested, rather than being sold on the open market.
Which WESCO (WCC) executive was involved in this Form 4 transaction?
The transaction involved Akash Khurana, WESCO’s Executive Vice President and Chief Information & Digital Officer. The filing shows a tax-withholding disposition of 233.6377 common shares tied to the vesting of restricted stock units originally granted on February 16, 2023.