WESCO (WCC) EVP James Cameron reports tax-withholding share disposition on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International executive James Cameron reported a small tax-related share disposition. On February 16, he had 288.7789 shares of common stock withheld at $307.10 per share to cover taxes due on the vesting of restricted stock units granted on February 16, 2023. After this tax-withholding disposition, he directly held 45,502.7455 shares of WESCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cameron James
Role
EVP & GM, Util & Broadband
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 288.779 | $307.10 | $89K |
Holdings After Transaction:
Common Stock — 45,502.746 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WESCO (WCC) executive James Cameron report?
James Cameron reported a tax-withholding disposition of 288.7789 WESCO common shares. The shares were withheld to satisfy taxes due upon vesting of restricted stock units granted on February 16, 2023, rather than sold in an open-market transaction.
Was the WESCO (WCC) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition coded "F," not an open-market sale. Shares were withheld by the company to cover tax obligations when previously granted restricted stock units vested on February 16, 2023.
What does transaction code "F" mean in the WESCO (WCC) Form 4?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, WESCO withheld Cameron’s shares to satisfy tax obligations on vesting restricted stock units, rather than him executing a typical market buy or sell.