WESCO International (WCC) director updates holdings from dividend equivalents
Rhea-AI Filing Summary
WESCO International Inc. reported an insider ownership update for a director through a Form 4 filing. On 12/31/2025, the director received 3.8542 dividend equivalent rights, which are tied to restricted stock units and are economically equal to common shares. These rights were credited at a price of $0 as they reflect the issuer’s quarterly dividend rather than a market purchase.
Following this accrual, the director beneficially owns a total of 10,331.9323 shares of WESCO International common stock in direct form. The filing describes this as a routine adjustment from dividend equivalents that vest on the same schedule as the underlying restricted stock unit awards.
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FAQ
What insider transaction did WESCO International (WCC) report in this Form 4?
The filing shows a director received 3.8542 dividend equivalent rights on 12/31/2025, linked to existing restricted stock units and economically equal to shares of WESCO common stock.
How many WESCO International (WCC) shares does the reporting person now beneficially own?
After the reported transaction, the director beneficially owns 10,331.9323 shares of WESCO International common stock, held in direct ownership.
What are dividend equivalent rights (DERs) in this WESCO (WCC) filing?
The filing explains that the reported amount represents dividend equivalent rights, which accrue on restricted stock units when the issuer pays its quarterly dividend and are economically equivalent to one share of common stock each.
Did the WESCO International (WCC) director pay cash for the reported shares?
No. The Form 4 lists the price as $0 because the 3.8542 units arose from dividend equivalents on existing restricted stock units, rather than a cash purchase in the open market.
What is the relationship of the reporting person to WESCO International (WCC)?
The reporting person is identified in the filing as a Director of WESCO International Inc., and the Form 4 is filed by one reporting person.
Are the reported WESCO (WCC) dividend equivalent rights subject to vesting?
Yes. The filing states that each dividend equivalent right vests on the same schedule as the underlying restricted stock unit award held by the director.