STOCK TITAN

Wesco International Completes Preferred Stock Redemption as CFO Holds Strong Common Position

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Wesco International (WCC) EVP & CFO David S. Schulz reported significant changes in his securities holdings on June 22, 2025. The key transaction involved the redemption of all outstanding 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock by the company.

Transaction details:

  • Schulz's 1,771 shares of Series A Preferred Stock were redeemed at $25 per depositary share plus accrued dividends
  • Following the transaction, Schulz maintains direct ownership of 110,360.4886 shares of Common Stock
  • The redemption price was set at $25,000 per Preferred Stock share, equivalent to $25 per depositary share

This mandatory redemption of preferred shares indicates a significant capital structure change for Wesco International, potentially impacting the company's dividend obligations and capital allocation strategy.

Positive

  • The company redeemed all outstanding Series A Preferred Stock at $25,000 per share, indicating strong financial position and ability to reduce preferred dividend obligations

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Schulz David S.

(Last) (First) (Middle)
225 WEST STATION SQUARE DRIVE
SUITE 700

(Street)
PITTSBURGH PA 15219

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WESCO INTERNATIONAL INC [ WCC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & CFO
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series A Preferred Stock 06/22/2025 J(1) 1,771 D $25 0 D
Common Stock 110,360.4886 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On June 22, 2025, the Issuer redeemed all of its outstanding shares of 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock, par value $1.01 per share (the "Series A Preferred Stock"), and the corresponding depositary shares, each representing 1/1,1000th of one share of Series A Preferred Stock, at the redemption price specified in the Issuer's Certificate of Designations of Series A Preferred Stock, equal to $25,000 per share of Series A Preferred Stock (plus accrued and unpaid dividends), or $25 per depositary share (plus accrued and unpaid dividends).
/s/ Michele Nelson, as Attorney-in-Fact 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did WCC's CFO David Schulz report on June 22, 2025?

According to the Form 4 filing, EVP & CFO David Schulz reported the redemption of 1,771 shares of Series A Preferred Stock by Wesco International (WCC) at $25 per depositary share (plus accrued and unpaid dividends) on June 22, 2025.

How many shares of WCC common stock does David Schulz own after the reported transaction?

Following the reported transaction, David Schulz directly owns 110,360.4886 shares of WCC common stock.

What was the redemption price for WCC's Series A Preferred Stock?

WCC redeemed its Series A Preferred Stock at $25,000 per share (equivalent to $25 per depositary share, with each depositary share representing 1/1,000th of one share), plus accrued and unpaid dividends.

What position does David Schulz hold at Wesco International (WCC)?

David Schulz serves as Executive Vice President (EVP) & Chief Financial Officer (CFO) of Wesco International Inc.

What type of Series A Preferred Stock did WCC redeem?

WCC redeemed its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock, par value $1.01 per share, and the corresponding depositary shares.
Wesco Intl

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WCC Stock Data

13.81B
47.67M
1.88%
101.74%
3.34%
Industrial Distribution
Wholesale-electrical Apparatus & Equipment, Wiring Supplies
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United States
PITTSBURGH