WESCO (WCC) director adds shares via dividend equivalent rights grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director James Louis Singleton received a small equity-based award tied to existing compensation. He acquired 27.9505 shares of common stock as dividend equivalent rights that accrued on his restricted stock units in connection with the company’s quarterly dividend. After this award, he directly owns 37,672.7714 shares of WESCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Singleton James Louis
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27.951 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 37,672.771 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 27.9505 shares
Holdings after transaction: 37,672.7714 shares
Transaction price per share: $0.00 per share
+1 more
4 metrics
Shares granted
27.9505 shares
Dividend equivalent rights on RSUs tied to quarterly dividend
Holdings after transaction
37,672.7714 shares
Common stock directly owned after acquisition
Transaction price per share
$0.00 per share
Grant of dividend equivalent rights, not a market trade
Transaction type
Grant, award, or other acquisition
Form 4 code A, non-derivative common stock
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
"Each DER is the economic equivalent of one share ... and vests on the same schedule as the underlying award."
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) director James Louis Singleton report?
James Louis Singleton reported an acquisition of 27.9505 WESCO common shares. These were granted as dividend equivalent rights that accrued on his existing restricted stock units in connection with WESCO’s quarterly dividend, increasing his direct holdings modestly.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights, or DERs, are awards that mirror dividends on restricted stock units. For Singleton, each DER is economically equal to one WESCO common share and vests on the same schedule as the underlying restricted stock unit award he already holds.
Was the WESCO (WCC) insider transaction a market purchase or sale?
The transaction was not a market purchase or sale. Singleton received 27.9505 shares as a grant of dividend equivalent rights with a per-share transaction price of $0.00, tied to his existing restricted stock unit compensation awards.
Does the WESCO (WCC) Form 4 show any stock options or derivative exercises?
The Form 4 does not show any option or other derivative exercises. It reports only a non-derivative acquisition of common stock through dividend equivalent rights, and the derivative summary section contains no remaining derivative positions associated with this specific filing.