WESCO CEO granted dividend equivalent shares
WESCO International Chairman, President & CEO John Engel acquired additional common stock through a compensation-related award.
Sentiment and the balance of points
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Rhea-AI Filing Summary
WESCO International Chairman, President & CEO John Engel acquired additional common stock through a compensation-related award. He received 38.6566 shares as dividend equivalent rights tied to restricted stock units, with each right economically equal to one share of common stock. Following this award, he directly holds 478,945.7405 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 38.6566 | $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
restricted stock units financial
economic equivalent financial
vests on the same schedule financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WESCO (WCC) CEO John Engel report?
What are dividend equivalent rights in the WESCO (WCC) Form 4 filing?
Was the WESCO (WCC) CEO’s Form 4 transaction an open-market purchase?
How do the WESCO (WCC) dividend equivalent rights vest for John Engel?
AI-generated analysis. How Rhea-AI works. Not financial advice.