Dividend-linked stock units accrue for WESCO (WCC) EVP and counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International executive vice president and general counsel Diane Lazzaris acquired 5.4334 shares of common stock through dividend equivalent rights tied to her existing restricted stock units. Each right is economically equal to one share and follows the same vesting schedule as the underlying award. After this grant, she directly holds a total of 29,520.9979 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lazzaris Diane
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5.433 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,520.998 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired: 5.4334 shares
Total holdings after transaction: 29,520.9979 shares
Transaction price per share: $0.0000 per share
3 metrics
Shares acquired
5.4334 shares
Dividend equivalent rights credited on restricted stock units
Total holdings after transaction
29,520.9979 shares
Direct WESCO common stock held by Diane Lazzaris following grant
Transaction price per share
$0.0000 per share
Compensation-related award, not an open-market purchase
Key Terms
dividend equivalent rights ("DERs"), restricted stock units ("RSUs"), underlying award
3 terms
dividend equivalent rights ("DERs") financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
restricted stock units ("RSUs") financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
underlying award financial
"Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award"
FAQ
What did WESCO (WCC) EVP Diane Lazzaris report in this Form 4 filing?
Diane Lazzaris reported acquiring 5.4334 common shares in the form of dividend equivalent rights. These rights accrued on restricted stock units she already holds and mirror the same vesting schedule as the underlying RSU award, slightly increasing her equity stake.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4?
Dividend equivalent rights are credits that mirror cash dividends on restricted stock units, expressed as share equivalents. In this filing, each DER is the economic equivalent of one WESCO common share and vests on the same schedule as the underlying restricted stock unit award.