WCC Insider Report: 9,927 SARs Exercised; 10,700 Shares Sold in Aug 2025
Rhea-AI Filing Summary
Wesco International insider activity: Diane Lazzaris, EVP and General Counsel, reported multiple open-market sales and one acquisition tied to stock appreciation rights (SARs) in late August 2025. The filing shows staged sales on August 26-28, 2025 totaling 10,700 shares sold at weighted-average prices in the $225.40–$227.85 range, and an acquisition on August 27, 2025 of 9,927 shares resulting from SARs exercisable into common stock at an exercise price of $54.64. Following these transactions, Lazzaris beneficially owned 52,915.5723 shares, down from a reported high of 62,842.5723 after the SAR exercise. The filing is signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Exercise of Stock Appreciation Rights resulted in acquisition of 9,927 shares, converting compensation into equity at a $54.64 exercise price
Negative
- Open-market sales totaling 10,700 shares on August 26-28, 2025 reduced beneficial ownership from ~62,842.57 to ~52,915.57 shares
- Substantial sales at high price levels (weighted-average sale prices in the $225.40–$227.85 range) decreased insider stake, which may be perceived as liquidity-taking
Insights
TL;DR: Insider exercised SARs and sold a portion of shares; net holdings declined materially, typical of compensation-driven liquidity.
The pattern shows a 9,927-share acquisition via SARs exercisable at $54.64 and multiple contemporaneous market sales totaling 10,700 shares at weighted-average prices roughly $225–$228. This suggests exercise-to-sale liquidity management rather than a single large disposition. Net beneficial ownership fell to ~52,916 shares from ~62,843 after the exercise. For investors, these are disclosure-level insider trades; they do not indicate corporate fundamentals but update insider ownership levels.
TL;DR: Transactions align with compensation exercise and routine sales; no governance red flags disclosed in the form.
The Form 4 records standard reporting of SAR exercise and subsequent open-market sales by an executive officer. Transaction codes include M (conversion/exercise) and S/D (sales/dispositions). All transactions are reported within required timeframes and the form is signed by an attorney-in-fact. There is no indication of related-party issues or omissions in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,308 | $226.39 | $523K |
| Sale | Common Stock | 1,952 | $227.23 | $444K |
| Exercise | Stock Appreciation Rights | 9,927 | $0.00 | -- |
| Exercise | Common Stock | 9,927 | $54.64 | $542K |
| Disposition | Common Stock | 2,388 | $227.19 | $543K |
| Tax Withholding | Common Stock | 3,279 | $227.19 | $745K |
| Sale | Common Stock | 2,077 | $225.89 | $469K |
| Sale | Common Stock | 1,005 | $226.92 | $228K |
| Sale | Common Stock | 78 | $227.83 | $18K |
Footnotes (1)
- Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $225.40 - $226.26. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided. Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $226.46 - $227.40. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided. Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $227.81 - $227.85. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided. Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $225.86 - $226.83. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided. Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $226.88 - 227.71. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided. The Stock Appreciation Rights became exercisable in three (3) equal, annual installments beginning on the first anniversary of the February 13, 2019 grant date.