WESCO (NYSE: WCC) EVP Christine Wolf granted 3.671 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International executive vice president and chief human resources officer Christine Ann Wolf received a small compensation-related stock-based award. She acquired 3.671 dividend equivalent rights tied to existing restricted stock units, each economically equal to one share of common stock and vesting on the same schedule as the underlying award. Following this grant, her directly held common stock equivalents total 29,573.8682 shares, reflecting a routine adjustment from the company’s quarterly dividend rather than an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wolf Christine Ann
Role
EVP & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.671 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,573.868 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend equivalent rights granted: 3.671 rights
Direct holdings after transaction: 29,573.8682 shares
Grant price per right: $0.00 per right
3 metrics
Dividend equivalent rights granted
3.671 rights
Grant on common stock equivalents for quarterly dividend
Direct holdings after transaction
29,573.8682 shares
Common stock equivalents following DER grant
Grant price per right
$0.00 per right
Compensation-related DER grant, non-cash
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 ... vests on the same schedule as the underlying award."
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 did WESCO (WCC) executive Christine Ann Wolf report in this Form 4?
Christine Ann Wolf reported acquiring 3.671 dividend equivalent rights as part of her equity compensation. These are tied to restricted stock units she already holds and mirror WESCO’s quarterly dividend on its common stock.
Is the WESCO (WCC) Form 4 transaction an open-market stock purchase or sale?
No. The Form 4 shows a grant of 3.671 dividend equivalent rights with a stated price of $0.00 per right. This reflects a compensation-related adjustment, not an open-market buy or sell of WESCO common shares.
What are dividend equivalent rights (DERs) in WESCO’s Form 4 filing?
Dividend equivalent rights are instruments that mirror dividends on common stock for holders of equity awards. In this case, each DER equals one WESCO common share economically and vests on the same schedule as the related restricted stock units.
Why did Christine Ann Wolf receive 3.671 DERs from WESCO (WCC)?
She received 3.671 dividend equivalent rights in connection with WESCO’s quarterly dividend on its common stock. The rights accrued automatically on restricted stock units she holds, maintaining dividend parity between her awards and regular shareholders.