[Form 4] Wesco International Inc. Insider Trading Activity
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.
- Exercise of Stock Appreciation Rights resulted in acquisition of 9,927 shares, converting compensation into equity at a $54.64 exercise price
- 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.