WESCO director receives small stock-based award
WESCO International director Michael Lonon Carter received an equity-based award linked to company stock.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1.2042 | $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
RSUs financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WESCO (WCC) director Michael Lonon Carter report in this Form 4?
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Was there any cash paid in Michael Lonon Carter’s WESCO (WCC) Form 4 transaction?
Is Michael Lonon Carter’s WESCO (WCC) Form 4 transaction an open-market buy or sell?
AI-generated analysis. How Rhea-AI works. Not financial advice.