WESCO International (WCC) EVP logs RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International EVP & Former CFO David S. Schulz reported a tax-withholding share disposition tied to restricted stock units. On February 16, he surrendered 412.545 shares of common stock at $307.10 per share to cover taxes upon vesting of RSUs granted on February 16, 2023. After this non-open-market transaction, he directly holds 109,886.4461 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schulz David S.
Role
EVP & Former CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 412.545 | $307.10 | $127K |
Holdings After Transaction:
Common Stock — 109,886.446 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did David S. Schulz report at WESCO (WCC)?
David S. Schulz reported a tax-withholding disposition of 412.545 WESCO common shares. The shares were withheld upon vesting of restricted stock units granted on February 16, 2023, to satisfy related tax obligations, rather than being sold in an open-market transaction.
Was the WESCO (WCC) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 classifies it as a tax-withholding disposition, with 412.545 shares withheld upon vesting of restricted stock units granted on February 16, 2023, to pay associated tax obligations automatically.