WESCO (WCC) EVP Diane Lazzaris gains shares through dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International EVP and General Counsel Diane Lazzaris reported a small equity-based compensation adjustment. She acquired 4.3467 shares of common stock on June 30, 2026 through dividend equivalent rights that accrued on previously granted restricted stock units. These rights mirror the company’s quarterly dividend and are economically equal to common shares, vesting on the same schedule as the underlying RSU awards. After this grant, her direct holdings increased to a reported total of 19,615.3446 common shares, reflecting routine compensation-related activity rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lazzaris Diane
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4.347 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,615.345 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired via DERs: 4.3467 shares
Total shares after transaction: 19,615.3446 shares
Reported transaction price: $0.0000 per share
3 metrics
Shares acquired via DERs
4.3467 shares
Dividend equivalent rights on RSUs, transaction on June 30, 2026
Total shares after transaction
19,615.3446 shares
Direct holdings of Diane Lazzaris following the Form 4 transaction
Reported transaction price
$0.0000 per share
Grant/award acquisition, not an open-market trade
Key Terms
dividend equivalent rights ("DERs"), restricted stock units ("RSUs"), quarterly dividend
3 terms
dividend equivalent rights ("DERs") financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
restricted stock units ("RSUs") financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
quarterly dividend financial
"dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
FAQ
What insider transaction did WESCO (WCC) report for Diane Lazzaris?
Diane Lazzaris received 4.3467 WESCO common shares as a compensation-related grant. The shares came from dividend equivalent rights linked to existing RSUs, not from an open-market purchase or sale, making this a routine equity award adjustment.
Was the WESCO (WCC) Diane Lazzaris Form 4 a stock purchase or sale?
The Form 4 does not show a stock purchase or sale. It reports an acquisition coded as a grant, where dividend equivalent rights converted into 4.3467 common shares tied to existing restricted stock units held by Diane Lazzaris.
What are dividend equivalent rights (DERs) in the WESCO (WCC) filing?
Dividend equivalent rights, or DERs, give holders the economic value of a dividend on underlying awards. In this case, DERs accrued on Diane Lazzaris’s RSUs in line with WESCO’s quarterly dividend and converted into 4.3467 common shares that follow the RSUs’ vesting schedule.
Do the WESCO (WCC) DERs for Diane Lazzaris vest immediately?
The DERs do not vest on their own. Each dividend equivalent right is economically equal to one common share and vests on the same schedule as the underlying restricted stock unit award that generated it, as described in the Form 4 footnote.