Wesco Insider Grant: EVP & GM Receives 12,245 RSUs with Time-Based Vesting
Rhea-AI Filing Summary
Wesco International (WCC) reported an insider grant of 12,245 restricted stock units (RSUs) to Daniel J. Castillo in his capacity as EVP & GM, EES. Each RSU represents a contingent right to one share of the issuer's common stock and the award vests in three equal installments beginning on the first anniversary of the grant. The transaction is recorded as an acquisition at a $0 price and the reporting person is shown as beneficially owning 12,245 shares following the grant. The Form 4 was executed by an attorney-in-fact on behalf of the reporting person.
Positive
- 12,245 RSUs granted to the reporting person (EVP & GM, EES), increasing direct beneficial ownership
- RSUs vest in three equal installments, establishing multi-year retention incentives
Negative
- None.
Insights
TL;DR: Executive received 12,245 RSUs, a compensation grant that increases direct beneficial ownership and implements multi-year vesting.
The disclosed grant of 12,245 RSUs to the EVP & GM, EES is a standard equity-based compensation event that increases the executive's direct stake in the company by the granted amount. Each RSU converts to one share upon vesting and the three-equal-installment schedule beginning on the first anniversary suggests a multi-year retention objective. The grant price is reported as $0, indicating these are full-value restricted stock units rather than option-based awards. From a financial perspective, this is a routine, non-cash compensation expense for the company that will dilute existing shareholders only upon vesting and settlement.
TL;DR: The Form 4 documents an insider award with time-based vesting; disclosure appears complete and routine.
The filing clearly states the award type, amount, vesting schedule and that the reporting person holds the RSUs directly following the grant. The use of an attorney-in-fact signature is noted. The disclosure meets Section 16 reporting requirements by showing the nature of the award and beneficial ownership after the transaction. No additional governance concerns are evident from the information provided alone.