WESCO CFO granted 39 DER-linked shares
WESCO International EVP & CFO Dev Indraneel received a small equity-based award tied to his existing restricted stock units.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 39.0688 | $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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WESCO (WCC) report for EVP & CFO Dev Indraneel?
Was Dev Indraneel’s WESCO (WCC) Form 4 transaction a market purchase or sale?
What are dividend equivalent rights (DERs) in WESCO (WCC) insider filings?
How is the WESCO (WCC) Form 4 transaction for Dev Indraneel classified by the SEC code?
AI-generated analysis. How Rhea-AI works. Not financial advice.