WESCO (NYSE: WCC) director receives stock and deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sundaram Easwaran reported acquisition or exercise transactions in this Form 4 filing.
WESCO International director Easwaran Sundaram reported routine equity compensation awards rather than open-market trading. He received 90.467 shares of common stock as dividend equivalent rights tied to existing restricted stock units, valued at $345.43 per share for reference. He was also credited with 21.0587 deferred share units under WESCO’s Deferred Compensation Plan for Non-Employee Directors at no cash price. Following these grants, Sundaram directly holds about 14,660 shares of WESCO common stock, reflecting ongoing board compensation rather than a discretionary stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sundaram Easwaran
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21.059 | $0.00 | -- |
| Grant/Award | Common Stock | 90.467 | $345.43 | $31K |
Holdings After Transaction:
Common Stock — 14,569.704 shares (Direct, null)
Footnotes (1)
- 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. Represents deferred share units ("DSUs") credited to the Reporting Person's deferred compensation account pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan"). Each DSU is the economic equivalent of one share of Issuer's common stock and is eligible for distribution in the form of Issuer's common stock based on the schedule elected by the Reporting Person in accordance with the Plan.
Key Figures
Dividend equivalent rights shares: 90.467 shares
DER reference price: $345.43 per share
Deferred share units credited: 21.0587 units
+2 more
5 metrics
Dividend equivalent rights shares
90.467 shares
Common stock credited as DERs on RSUs
DER reference price
$345.43 per share
Price per share associated with 90.467-share award
Deferred share units credited
21.0587 units
DSUs credited under Deferred Compensation Plan
Price for DSU grant
$0.00 per unit
Compensation credit, not a cash purchase
Shares held after award
14,660.171 shares
Total direct WESCO common stock following larger transaction
Key Terms
dividend equivalent rights, restricted stock units, deferred share units, Deferred Compensation Plan for Non-Employee Directors
4 terms
dividend equivalent rights financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Deferred Compensation Plan for Non-Employee Directors financial
"credited to the Reporting Person's deferred compensation account pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors"
FAQ
What did WESCO (WCC) director Easwaran Sundaram report in this Form 4?
He reported two equity compensation awards in WESCO common stock, not open-market trades. The filing shows additional shares credited through dividend equivalent rights and deferred share units, increasing his direct holdings to about 14,660 shares of WESCO International common stock.
Were these WESCO (WCC) transactions open-market buys or sells?
No, they were coded as acquisitions under transaction code A, indicating grants or awards. The 90.467 shares and 21.0587 deferred share units arose from compensation arrangements, so no open-market buying or selling activity by the director is reported in this Form 4.
What are dividend equivalent rights (DERs) in the WESCO filing?
Dividend equivalent rights mirror WESCO’s quarterly dividend on existing restricted stock units. Each DER equals one share of common stock and vests on the same schedule as the underlying RSU award, giving the director stock-based value instead of immediate cash dividends on unvested units.