WESCO director awarded 7.51 dividend-equivalent shares
WESCO International director Glynnis Bryan acquired 7.5138 shares of Common Stock on a grant/award basis linked to dividend equivalent rights.
Rhea-AI Filing Summary
WESCO International director Glynnis Bryan acquired 7.5138 shares of Common Stock on a grant/award basis linked to dividend equivalent rights. Following this award, Bryan directly holds a total of 4,119.4103 shares of WESCO common stock.
The footnote explains that these 7.5138 shares represent dividend equivalent rights credited on restricted stock units in connection with WESCO’s quarterly dividend. Each right is economically equal to one common share and will vest on the same schedule as the underlying restricted stock unit award.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7.5138 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person. Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award.
Key Figures
Key Terms
dividend equivalent rights ("DERs") financial
restricted stock units ("RSUs") financial
FAQ
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What did WESCO (WCC) director Glynnis Bryan report on this Form 4?
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Was the WESCO (WCC) Form 4 transaction a market purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.