Wesco (WCC) Form 4: Acquired 26.2703 DERs; Holdings 12,271.2703
Daniel J. Castillo, EVP & GM, EES of WESCO INTERNATIONAL INC (WCC), reported a Section 16 Form 4 disclosing receipt of 26.2703 dividend equivalent rights (DERs) on 09/30/2025.
Rhea-AI Filing Summary
Daniel J. Castillo, EVP & GM, EES of WESCO INTERNATIONAL INC (WCC), reported a Section 16 Form 4 disclosing receipt of 26.2703 dividend equivalent rights (DERs) on 09/30/2025. The DERs were credited in connection with restricted stock units and carry the economic equivalent of one share each, vesting on the same schedule as the underlying RSUs. The filing shows the DERs were recorded at a price of $0 and that the Reporting Person’s total beneficial ownership following the transaction is 12,271.2703 shares. The Form 4 was signed by an attorney-in-fact on 10/02/2025.
Positive
- 26.2703 dividend equivalent rights (DERs) credited to the reporting person on 09/30/2025
- Total beneficial ownership increased to 12,271.2703 shares following the transaction
Negative
- None.
Insights
Routine award-related crediting of DERs increased insider holdings slightly
The filing documents that 26.2703 dividend equivalent rights were credited to Daniel J. Castillo on 09/30/2025 tied to his restricted stock units. Each DER equals one share economically and vests with the underlying RSUs, indicating these are non-cash, compensation-related accruals rather than open-market purchases.
This matters because the reported change increases Castillo’s beneficial ownership to 12,271.2703 shares and is a recorded insider event that must be disclosed under Section 16; the filing lists a transaction price of $0, consistent with credited award treatment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26.2703 | $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.
FAQ
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What did Daniel J. Castillo report on the Form 4 for WCC?
What are the dividend equivalent rights (DERs) reported on WESCO's Form 4?
Was there any cash paid for the reported transaction on the Form 4?
When was the Form 4 signature dated for the WCC filing?
What is Daniel Castillo's role at WESCO as listed on the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.