WESCO (NYSE: WCC) EVP adds shares via dividend-equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International EVP & Former CFO David S. Schulz reported a small stock-based award tied to existing restricted stock units. On the transaction date, he acquired 5.9338 shares of common stock through dividend equivalent rights credited on his RSUs in connection with the company’s quarterly dividend.
Each dividend equivalent right is economically equal to one share of WESCO’s common stock and vests on the same schedule as the underlying RSU award. Following this grant, Schulz directly holds a total of 108,989.3810 shares of common stock, including these credited rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schulz David S.
Role
EVP & Former CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5.934 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 108,989.381 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired via DERs: 5.9338 shares
Total shares after transaction: 108,989.3810 shares
Transaction date: 2026-03-31
3 metrics
Shares acquired via DERs
5.9338 shares
Dividend equivalent rights credited on RSUs in connection with quarterly dividend
Total shares after transaction
108,989.3810 shares
Direct WESCO common stock holdings following Form 4 transaction
Transaction date
2026-03-31
Date DER-related acquisition of common stock was recorded
Key Terms
dividend equivalent rights, DERs, restricted stock units, RSUs
4 terms
dividend equivalent rights financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
DERs financial
"Each DER is the economic equivalent of one share of Issuer's common stock"
restricted stock units financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
What insider transaction did WESCO (WCC) report for David S. Schulz?
WESCO reported that EVP & Former CFO David S. Schulz acquired 5.9338 shares of common stock through dividend equivalent rights. These rights were credited on his existing restricted stock units in connection with the company’s quarterly dividend and follow the same vesting schedule as the underlying RSUs.
Was the WESCO (WCC) Form 4 a market purchase or a stock award?
The Form 4 reflects a stock-based award, not an open-market purchase. Schulz received 5.9338 dividend equivalent rights on his restricted stock units, economically equal to common shares and tied to WESCO’s quarterly dividend, vesting on the same schedule as the underlying RSU award.
What are dividend equivalent rights (DERs) in the WESCO (WCC) filing?
Dividend equivalent rights in this filing are credits Schulz receives on his restricted stock units when WESCO pays its quarterly dividend. Each DER is economically equal to one share of WESCO common stock and vests under the same schedule as the RSU award to which it relates.
How are the new WESCO (WCC) dividend equivalent rights scheduled to vest?
The dividend equivalent rights reported in the Form 4 vest on the same schedule as the underlying restricted stock units. As those RSUs vest over time, the associated DERs—each economically equal to one share of WESCO common stock—will also vest in tandem with the original award.