WESCO director receives dividend-equivalent share rights
WESCO International director Laura K. Thompson reported an automatic equity-related compensation adjustment rather than an open-market trade.
Rhea-AI Filing Summary
WESCO International director Laura K. Thompson reported an automatic equity-related compensation adjustment rather than an open-market trade. She acquired 3.118 dividend equivalent rights (DERs) tied to restricted stock units in connection with the company’s quarterly dividend, at a stated price of $0.00 per right.
Each DER 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, Thompson’s directly held common stock and related rights total 10,987.4136 shares, reflecting a small, routine increase in her equity-based compensation position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.118 | $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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WESCO (WCC) director Laura K. Thompson report?
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Why did Laura K. Thompson receive 3.118 DERs from WESCO (WCC)?
AI-generated analysis. How Rhea-AI works. Not financial advice.