WESCO (WCC) CFO Dev Indraneel receives 39 dividend-equivalent shares as RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International EVP & CFO Dev Indraneel received a small equity-based award tied to his existing restricted stock units. On the reported date, he acquired 39.0688 shares of common stock in the form of dividend equivalent rights, which mirror the value and vesting of his RSUs. Following this grant, his directly held common stock position, including these rights, increased to 16,856.0688 shares. This was a compensation-related grant at no stated purchase price, not an open‑market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dev Indraneel
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 39.069 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,856.069 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 39.0688 shares
Price per share: $0.0000 per share
Shares held after transaction: 16,856.0688 shares
3 metrics
Shares granted
39.0688 shares
Dividend equivalent rights grant on common stock
Price per share
$0.0000 per share
Reported for the compensation grant
Shares held after transaction
16,856.0688 shares
Direct common stock holdings following the grant
Key Terms
dividend equivalent rights, DERs, restricted stock units
3 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.
FAQ
What insider transaction did WESCO (WCC) report for EVP & CFO Dev Indraneel?
WESCO reported that EVP & CFO Dev Indraneel received 39.0688 shares of common stock as a grant of dividend equivalent rights. These rights are tied to existing restricted stock units and function as compensation, not as an open-market stock purchase.
Was Dev Indraneel’s WESCO (WCC) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant classified as an acquisition under code A, not a market trade. The 39.0688 shares represent dividend equivalent rights credited on restricted stock units, so no open-market buying or selling of WESCO shares occurred in this transaction.
What are dividend equivalent rights (DERs) in WESCO (WCC) insider filings?
In this filing, dividend equivalent rights are units credited when WESCO pays its quarterly dividend on outstanding restricted stock units. Each DER is economically equal to one share of common stock and vests on the same schedule as the underlying RSU award held by the executive.
How is the WESCO (WCC) Form 4 transaction for Dev Indraneel classified by the SEC code?
The transaction is coded A, meaning a grant, award, or other acquisition of non-derivative common stock. It reflects 39.0688 shares received as dividend equivalent rights tied to restricted stock units, and it increased his directly held position to 16,856.0688 shares after the transaction.