Wesco director increases stake to 6,393.9882 shares via DSUs and DERs
Rhea-AI Filing Summary
Nagarajan Sundaram, a director of Wesco International, reported two non-cash acquisitions on 09/30/2025. He received 13.3691 dividend equivalent rights (DERs) tied to restricted stock units and 147.754 deferred share units (DSUs) credited under the company’s non-employee director deferred compensation plan.
The DERs were recorded at a $0 transaction price as they represent accrued dividend equivalents on existing RSUs. The DSUs are economic equivalents of common stock and show a price column of $211.5 in the filing; the combined holdings after these entries total 6,393.9882 shares beneficially owned by the reporting person. The Form 4 was signed by an attorney-in-fact on 10/02/2025.
Positive
- Director compensation recorded as non-cash DERs and DSUs, indicating alignment with long-term equity incentives
- Beneficial ownership increased to 6,393.9882 shares following the credited units
Negative
- None.
Insights
Director recorded non-cash accruals: 13.3691 DERs and 147.754 DSUs on 09/30/2025.
The filing shows non‑cash awards rather than open‑market trades: DERs are dividend equivalents tied to existing RSUs and vest with those awards, and DSUs were credited under the director deferred compensation plan.
This changes the reporting person’s beneficial ownership to 6,393.9882 shares. The Form 4 was executed by counsel on 10/02/2025, consistent with routine director compensation reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13.369 | $0.00 | -- |
| Grant/Award | Common Stock | 147.754 | $211.50 | $31K |
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.