WESCO director receives stock-based dividend award
Singleton James Louis reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Singleton James Louis reported acquisition or exercise transactions in this Form 4 filing.
WESCO International director James Louis Singleton received 35.2215 common stock-equivalent units as a stock-based dividend award. These are dividend equivalent rights tied to restricted stock units he already holds, with each right economically equal to one WESCO common share and vesting on the same schedule as the underlying RSUs. Following this award, he directly holds a total of 39,644.8209 common stock or equivalent units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 35.2215 | $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 ("DERs") financial
restricted stock units ("RSUs") financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WESCO (WCC) director James Louis Singleton report on this Form 4?
Are the reported WESCO (WCC) Form 4 transactions a market purchase or sale?
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Do the WESCO (WCC) dividend equivalent rights vest immediately for James Louis Singleton?
AI-generated analysis. How Rhea-AI works. Not financial advice.