WESCO director granted dividend equivalent rights
WESCO International director Laura K. Thompson reported an acquisition of 2.4743 shares of common stock-equivalent value through dividend equivalent rights.
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Rhea-AI Filing Summary
WESCO International director Laura K. Thompson reported an acquisition of 2.4743 shares of common stock-equivalent value through dividend equivalent rights. These rights were credited in connection with the company’s quarterly dividend on restricted stock units she already holds and carry a grant price of $0.00 per share.
Each dividend equivalent right is economically equal to one share of WESCO common stock and will vest on the same schedule as the underlying restricted stock unit award. Following this grant, Thompson directly holds a total of 10,989.8879 common shares, including these credited rights.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.4743 | $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
quarterly dividend financial
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