WESCO (WCC) director adds dividend-equivalent stock units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director Michael Lonon reported a small stock-based award tied to his existing equity compensation. On June 30, 2026, he acquired 0.9556 shares of common stock in the form of dividend equivalent rights, which mirror the company’s quarterly dividend on his restricted stock units.
Each dividend equivalent right is economically equal to one WESCO share and vests on the same schedule as the underlying restricted stock units. Following this routine grant, Lonon’s directly held common stock (including these equivalents) totaled 661.1598 shares, reflecting ongoing participation in the company’s equity incentive programs rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carter Michael Lonon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 0.956 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 661.16 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend equivalent rights granted: 0.9556 shares
Shares held after transaction: 661.1598 shares
Transaction price per share: $0.0000 per share
+2 more
5 metrics
Dividend equivalent rights granted
0.9556 shares
Common stock equivalents accrued on June 30, 2026
Shares held after transaction
661.1598 shares
Total WESCO common stock directly owned after award
Transaction price per share
$0.0000 per share
Equity grant classified as a non-cash award
Transaction code
A
Grant, award, or other acquisition of common stock
Transaction direction
acquire
Non-derivative award added to director’s holdings
Key Terms
dividend equivalent rights, DERs, restricted stock units, Form 4
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did WESCO (WCC) director Michael Lonon report in this Form 4?
Director Michael Lonon reported receiving 0.9556 common-share equivalents through dividend equivalent rights. These relate to quarterly dividends on his existing restricted stock units and are part of routine equity compensation, not an open-market stock purchase or sale.
What are dividend equivalent rights (DERs) in WESCO’s Form 4 for Michael Lonon?
Dividend equivalent rights are awards that mirror WESCO’s quarterly dividend on restricted stock units. Each DER equals one share economically and vests on the same schedule as the related RSUs, giving the holder dividend-like value without an immediate full share issuance.
Was the WESCO (WCC) Form 4 for Michael Lonon a stock purchase or sale?
The filing shows an acquisition classified as a grant or award, not a market trade. Lonon received 0.9556 share equivalents via dividend equivalent rights linked to his RSUs, so there was no open-market buying or selling of WESCO stock.