WESCO (NYSE: WCC) director adds dividend-equivalent stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director Michael Lonon Carter received an equity-based award linked to company stock. He acquired 1.2042 dividend equivalent rights (DERs) on common stock at a stated price of $0.0000 per share, increasing his direct holdings to 660.2042 shares.
According to the footnote, these DERs were credited in connection with WESCO’s quarterly dividend on restricted stock units (RSUs) he already holds. Each DER is economically equivalent to one share of common stock and will vest on the same schedule as the underlying RSU award, reflecting compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carter Michael Lonon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1.204 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 660.204 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
DERs granted: 1.2042 DERs
Price per DER: $0.0000 per share
Holdings after transaction: 660.2042 shares
3 metrics
DERs granted
1.2042 DERs
Dividend equivalent rights credited on RSUs
Price per DER
$0.0000 per share
Stated transaction price for DER grant
Holdings after transaction
660.2042 shares
Direct WESCO common stock holdings after DER grant
Key Terms
dividend equivalent rights, DERs, restricted stock units, RSUs
4 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.
RSUs financial
"and accrued to the Reporting Person on restricted stock units ("RSUs") held"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
What did WESCO (WCC) director Michael Lonon Carter report in this Form 4?
Michael Lonon Carter reported an acquisition of 1.2042 dividend equivalent rights (DERs) tied to WESCO common stock. These DERs arise from the company’s quarterly dividend on restricted stock units and represent additional stock-based compensation rather than an open-market share purchase.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights, or DERs, are awards that mirror dividends on unvested equity such as restricted stock units. In this case, each DER is economically equivalent to one WESCO common share and vests at the same time as the underlying RSU award credited to the reporting person.
Was there any cash paid in Michael Lonon Carter’s WESCO (WCC) Form 4 transaction?
No cash changed hands in this transaction. The Form 4 shows a transaction price of $0.0000 per share for the 1.2042 DERs, indicating a stock-based compensation entry rather than a cash purchase or sale on the open market.
Is Michael Lonon Carter’s WESCO (WCC) Form 4 transaction an open-market buy or sell?
The transaction is not an open-market buy or sell. It is classified as a grant or award acquisition of 1.2042 dividend equivalent rights tied to existing restricted stock units, reflecting routine equity compensation instead of a discretionary market trade in WESCO shares.