WESCO International (WCC) EVP adds dividend equivalent rights to holdings
Rhea-AI Filing Summary
WESCO International Inc. reported an insider equity award related to its quarterly dividend. An executive vice president and general manager received 12.8094 dividend equivalent rights (DERs) on 12/31/2025, tied to restricted stock units already held.
Each DER is the economic equivalent of one share of WESCO common stock and vests on the same schedule as the underlying restricted stock unit award. The DERs were credited at a price of $0, effectively increasing the executive’s stake without a cash purchase. Following this credit, the reporting person directly beneficially owns 11,510.989 shares of WESCO common stock.
Positive
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FAQ
What insider transaction did WESCO International (WCC) report in this Form 4?
The filing shows that an executive vice president received 12.8094 dividend equivalent rights (DERs) on 12/31/2025 in connection with WESCO’s quarterly dividend, linked to restricted stock units already held.
Who is the reporting person in the WESCO International (WCC) insider filing?
The reporting person is an officer of WESCO International Inc., serving as EVP & GM, Comm & Sec Solutions, and filed individually as one reporting person.
How many WESCO (WCC) shares does the executive own after this transaction?
After the credited dividend equivalent rights, the reporting person directly beneficially owns 11,510.989 shares of WESCO International Inc. common stock.
What are dividend equivalent rights (DERs) in the WESCO (WCC) filing?
The filing explains that each dividend equivalent right (DER) is the economic equivalent of one share of WESCO common stock and vests on the same schedule as the underlying restricted stock unit award.
Did the WESCO (WCC) executive pay for the dividend equivalent rights?
No cash was paid for these DERs. The table shows the price as $0, indicating they were credited as part of WESCO’s quarterly dividend on existing restricted stock units.
Does this WESCO (WCC) Form 4 include any derivative securities transactions?
Table II for derivative securities appears without any specific entries filled in, while Table I records the crediting of 12.8094 dividend equivalent rights as additional common stock exposure.