Director at WESCO (NYSE: WCC) granted 659 RSUs in stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director Michael Lonon received an equity award of 659 restricted stock units (RSUs). Each RSU represents a contingent right to acquire one share of WESCO common stock at no purchase price.
The RSUs vest in full on the first anniversary of the grant date, after which the underlying shares become deliverable if vesting conditions are satisfied.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carter Michael Lonon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 659 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 659 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WESCO (WCC) director Michael Lonon report?
Michael Lonon reported receiving a grant of 659 restricted stock units in WESCO common stock. These RSUs are a form of equity compensation and do not involve a cash purchase, aligning the director’s interests with long-term company performance through future share delivery.
When do Michael Lonon’s WESCO (WCC) RSUs vest?
The restricted stock units vest in full on the first anniversary of the grant date. Vesting means the director earns the right to receive the underlying WESCO common shares, assuming any service or other conditions tied to the RSUs are satisfied at that time.
Did Michael Lonon pay cash for the 659 WESCO (WCC) RSUs?
No cash was paid for the 659 RSUs, which were granted at a price of $0.00 per unit. This indicates they were awarded as part of an equity compensation arrangement rather than purchased in an open-market or privately negotiated transaction for cash consideration.
What does each WESCO (WCC) RSU granted to Michael Lonon represent?
Each RSU represents a contingent right to acquire one share of WESCO common stock after vesting. Contingent rights mean the director only receives actual shares once specific vesting conditions, such as continued service through the first anniversary of the grant, are fully met.