Dividend equivalents boost WESCO (NYSE: WCC) EVP Akash Khurana stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International executive Akash Khurana received a small stock-based award through dividend equivalents on existing restricted stock units. The filing shows a grant of 28.537 dividend equivalent rights, each economically equal to one share of common stock and vesting on the same schedule as the underlying RSUs. Following this non-cash, compensation-related acquisition, his directly held common stock balance is 30,803.6372 shares.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28.537 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,803.637 shares (Direct, null)
Footnotes (1)
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Key Figures
Dividend equivalent rights granted: 28.537 shares
Shares held after transaction: 30,803.6372 shares
Transaction price per share: $0.0000
+1 more
4 metrics
Dividend equivalent rights granted
28.537 shares
Grant-type acquisition on Common Stock
Shares held after transaction
30,803.6372 shares
Direct common stock ownership following Form 4 transaction
Transaction price per share
$0.0000
Grant of DERs, no cash paid
Transaction direction
Acquisition (code A)
Grant, award, or other acquisition of Common Stock
Key Terms
dividend equivalent rights, DERs, restricted stock units, RSUs
4 terms
dividend equivalent rights financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
DERs financial
"Each DER is the economic equivalent of one share of Issuer's common stock"
restricted stock units financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"RSUs held by the Reporting Person. Each DER is the economic equivalent of one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
What does the WESCO (WCC) Form 4 report for executive Akash Khurana?
The Form 4 reports that EVP and Chief Information & Digital Officer Akash Khurana received 28.537 dividend equivalent rights tied to his restricted stock units. These rights are economically equal to common shares and increased his directly held balance to 30,803.6372 shares after the transaction.
What are dividend equivalent rights (DERs) reported in WESCO (WCC) executive filings?
Dividend equivalent rights, or DERs, are awards that mirror dividends on underlying equity grants. For WESCO, each DER credited to Akash Khurana is the economic equivalent of one share of common stock and vests on the same schedule as the related restricted stock unit award.
Was the WESCO (WCC) Form 4 for Akash Khurana an open-market stock purchase or sale?
The Form 4 does not show an open-market purchase or sale. It reports a grant-type acquisition coded “A,” where 28.537 dividend equivalent rights were credited to Akash Khurana as part of his compensation tied to existing restricted stock units.
How did the reported DER grant affect Akash Khurana’s WESCO (WCC) equity position?
The DER grant modestly increased his direct common stock holdings. He received 28.537 dividend equivalent rights linked to restricted stock units, bringing his total directly held WESCO common stock position to 30,803.6372 shares after this compensation-related transaction.