WESCO (NYSE: WCC) director adds equity via dividend and deferred share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RAYMUND STEVEN A reported acquisition or exercise transactions in this Form 4 filing.
WESCO International director Steven A. Raymund increased his equity-based holdings through compensation awards. On March 31, 2026, he received 44.6955 dividend equivalent rights tied to existing restricted stock units at a price of $0.00 per share, and 114.2090 deferred share units at $273.62 per share under the company’s deferred compensation plan for non-employee directors.
Following these awards, Raymund directly holds 25,628.3162 shares of common stock and indirectly holds 3,495 shares through a trust, reflecting routine equity compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
RAYMUND STEVEN A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 44.696 | $0.00 | -- |
| Grant/Award | Common Stock | 114.209 | $273.62 | $31K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,514.107 shares (Direct);
Common Stock — 3,495 shares (Indirect, By Trust)
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 granted: 44.6955 units
Deferred share units granted: 114.2090 units
DSU reference price: $273.62 per share
+3 more
6 metrics
Dividend equivalent rights granted
44.6955 units
DERs on RSUs as of March 31, 2026
Deferred share units granted
114.2090 units
DSUs credited at $273.62 per share on March 31, 2026
DSU reference price
$273.62 per share
Value used for deferred share units on March 31, 2026
DER grant price
$0.00 per share
Dividend equivalent rights credited without cash payment
Direct holdings after transactions
25,628.3162 shares
WESCO common stock directly owned after awards
Indirect trust holdings
3,495 shares
WESCO common stock held indirectly by trust
Key Terms
dividend equivalent rights ("DERs"), restricted stock units ("RSUs"), deferred share units ("DSUs"), Deferred Compensation Plan for Non-Employee Directors, +2 more
6 terms
dividend equivalent rights ("DERs") financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
restricted stock units ("RSUs") financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Deferred Compensation Plan for Non-Employee Directors financial
"pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan")"
By Trust financial
"total_shares_following_transaction": "3495.0000", "direct_or_indirect": "I", "nature_of_ownership": "By Trust""
FAQ
What did WESCO (WCC) director Steven A. Raymund report in this Form 4?
Steven A. Raymund reported equity-based compensation awards, not open-market trades. He received additional dividend equivalent rights and deferred share units tied to WESCO common stock, increasing his direct and indirect holdings as part of the company’s director compensation programs.
What is the significance of the $273.62 price in Raymund’s WESCO Form 4?
The filing shows 114.2090 deferred share units credited at $273.62 per share. This reflects the reference price used for valuing the deferred share units under WESCO’s Deferred Compensation Plan for Non-Employee Directors, rather than a cash purchase transaction.
What are dividend equivalent rights (DERs) reported for WESCO (WCC)?
Dividend equivalent rights are credits that mirror WESCO’s dividends on existing restricted stock units. Each DER equals one common share economically and vests on the same schedule as the underlying RSUs, allowing directors like Raymund to maintain dividend value on unvested awards.