Director Bobby J. Griffin awarded 659 RSUs in WESCO (WCC) stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRIFFIN BOBBY J reported acquisition or exercise transactions in this Form 4 filing.
WESCO International director Bobby J. Griffin received an equity award rather than buying shares on the market. He was granted 659 restricted stock units (RSUs), each representing the right to receive one share of common stock at no cost. According to the terms, the RSUs vest in full on the first anniversary of the grant date. After this award, Griffin’s directly owned common stock holdings increased to 32,131.7864 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRIFFIN BOBBY J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 659 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,131.786 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WESCO (WCC) director Bobby J. Griffin report?
Bobby J. Griffin reported an equity award, not an open-market trade. He received 659 restricted stock units (RSUs) of WESCO common stock, which are contingent rights to receive shares in the future once vesting conditions are met.
How many WESCO (WCC) RSUs were granted to Bobby J. Griffin?
Bobby J. Griffin was granted 659 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of WESCO common stock, subject to vesting. The grant was recorded at a per-share price of $0.00 as it is an award, not a purchase.
When do Bobby J. Griffin’s newly granted WESCO (WCC) RSUs vest?
The granted RSUs vest in full on the first anniversary of the grant date. This means that one year after the award date, all 659 restricted stock units are scheduled to become payable in WESCO common shares, assuming applicable conditions are satisfied.
Was the WESCO (WCC) Form 4 transaction a market purchase or sale?
The reported transaction was not a market trade. It is coded as an acquisition by grant or award, with 659 restricted stock units provided at a price of $0.00 per share, reflecting compensation rather than a buy or sell order.
What does it mean that Bobby J. Griffin’s WESCO (WCC) RSUs are contingent rights?
Each RSU is a contingent right to receive one share of WESCO common stock. The rights only settle into actual shares if vesting conditions are met, in this case on the first anniversary of the grant date, aligning director compensation with share performance over time.