WESCO director granted dividend-equivalent shares
WESCO International director Michael Lonon reported a small stock-based award tied to his existing equity compensation.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 0.9556 | $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
Form 4 regulatory
FAQ
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What did WESCO (WCC) director Michael Lonon report in this Form 4?
What are dividend equivalent rights (DERs) in WESCO’s Form 4 for Michael Lonon?
Was the WESCO (WCC) Form 4 for Michael Lonon a stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.