WESCO (WCC) EVP & CHRO granted dividend equivalent rights on RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International EVP & CHRO Christine Ann Wolf reported an acquisition of common stock on March 31, 2026 through a compensation-related award. She received 3.6609 dividend equivalent rights (DERs), which are tied to restricted stock units and are economically equivalent to shares of common stock, vesting on the same schedule as the underlying RSUs. After this award, she directly holds 32,008.1972 shares of WESCO International common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wolf Christine Ann
Role
EVP & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.661 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,008.197 shares (Direct)
Footnotes (1)
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Key Figures
DERs granted: 3.6609 DERs
Shares held after transaction: 32,008.1972 shares
Insider role: EVP & CHRO
3 metrics
DERs granted
3.6609 DERs
Dividend equivalent rights granted on March 31, 2026
Shares held after transaction
32,008.1972 shares
Direct WESCO common stock holdings after award
Insider role
EVP & CHRO
Officer title of reporting person at WESCO International
Key Terms
dividend equivalent rights, DERs, restricted stock units, RSUs
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.
DERs financial
"Each DER is the economic equivalent of one share of Issuer's common stock"
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.
RSUs financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
What insider transaction did WESCO (WCC) report for Christine Ann Wolf?
WESCO reported that EVP & CHRO Christine Ann Wolf acquired 3.6609 dividend equivalent rights tied to restricted stock units. These DERs are economically equivalent to common shares and increase her direct holdings to 32,008.1972 shares of WESCO common stock.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights are awards that mirror dividends on restricted stock units and are economically equivalent to one share of common stock. In this filing, 3.6609 DERs accrued to Christine Ann Wolf and vest on the same schedule as the underlying RSU award.
Do the WESCO (WCC) dividend equivalent rights have the same vesting as the RSUs?
Yes, the filing states that each dividend equivalent right vests on the same schedule as the underlying restricted stock unit award. This means the DERs follow the original RSU vesting conditions rather than vesting immediately on the grant date.