WESCO EVP receives small dividend-equivalent share grant
WESCO International EVP & Former CFO David S. Schulz reported a small stock-based award tied to existing restricted stock units.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5.9338 | $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 financial
DERs financial
restricted stock units financial
RSUs financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WESCO (WCC) report for David S. Schulz?
Was the WESCO (WCC) Form 4 a market purchase or a stock award?
What are dividend equivalent rights (DERs) in the WESCO (WCC) filing?
How are the new WESCO (WCC) dividend equivalent rights scheduled to vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.