WESCO SVP receives dividend-equivalent share grant
WESCO International senior vice president and chief accounting officer Matthew S. Kulasa reported an automatic equity accrual tied to his existing awards.
Rhea-AI Filing Summary
WESCO International senior vice president and chief accounting officer Matthew S. Kulasa reported an automatic equity accrual tied to his existing awards. On the Form 4, he acquired 1.1430 shares of common stock through dividend equivalent rights, which mirror the company’s quarterly dividend on his restricted stock units.
Each dividend equivalent right is the economic equivalent of one share of WESCO common stock and will vest on the same schedule as the underlying restricted stock unit award. Following this grant, Kulasa directly holds 4,176.0803 shares of WESCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1.143 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person. Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award.
Key Figures
Key Terms
dividend equivalent rights financial
DERs financial
restricted stock units financial
RSUs financial
FAQ
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What insider transaction did WESCO (WCC) report for Matthew S. Kulasa?
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
What role does the reporting person hold at WESCO (WCC)?
Was the WESCO (WCC) Form 4 transaction an open-market buy or sell?
AI-generated analysis. How Rhea-AI works. Not financial advice.