WESCO SVP exercises rights and sells some shares
WESCO International senior executive Matthew S. Kulasa exercised stock appreciation rights and adjusted his shareholdings in the company.
Rhea-AI Filing Summary
WESCO International senior executive Matthew S. Kulasa exercised stock appreciation rights and adjusted his shareholdings in the company. On the transaction date, he exercised 1,780 stock appreciation rights, converting them into 1,780 shares of common stock at a price of $86.91 per share. The stock appreciation rights had vested in three equal annual installments beginning on the first anniversary of the April 16, 2021 grant date.
Following the exercise, he disposed of 513 shares to the issuer and 417 shares to cover tax obligations, both at $301.74 per share, and sold 73 shares in an open-market transaction at $307.03 per share. After these transactions, he directly owned 4,018.5679 shares of WESCO International common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 1,780 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,780 | $86.91 | $155K |
| Disposition | Common Stock | 513 | $301.74 | $155K |
| Exercise Price or Tax Liability | Common Stock | 417 | $301.74 | $126K |
| Sale | Common Stock | 73 | $307.03 | $22K |
Footnotes (1)
- F1. The stock appreciation rights became exercisable in three equal annual installments beginning on the first anniversary of the April 16, 2021 grant date.
FAQ
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What did WESCO (WCC) executive Matthew S. Kulasa do in this Form 4 filing?
How many WESCO (WCC) stock appreciation rights did the executive exercise?
At what prices were the WESCO (WCC) stock transactions reported?
What does the vesting footnote in the WESCO (WCC) Form 4 explain?
AI-generated analysis. How Rhea-AI works. Not financial advice.