WESCO director granted additional common stock
Sundaram Easwaran reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21.0587 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 90.467 | $345.43 | $31K |
Footnotes (2)
- 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.
- F2. 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
Key Terms
dividend equivalent rights financial
restricted stock units financial
Deferred Compensation Plan for Non-Employee Directors financial
FAQ
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What did WESCO (WCC) director Easwaran Sundaram report in this Form 4?
Were these WESCO (WCC) transactions open-market buys or sells?
What are dividend equivalent rights (DERs) in the WESCO filing?
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