Director at WESCO (NYSE: WCC) receives 659-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESPE MATTHEW J reported acquisition or exercise transactions in this Form 4 filing.
WESCO International Inc director Matthew J. Espe reported an equity award of 659 shares of common stock in the form of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of common stock and will vest in full on the first anniversary of the grant date. Following this grant, Espe directly holds a total of 21,375.3383 shares of WESCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ESPE MATTHEW J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 659 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,375.338 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WESCO (WCC) director Matthew Espe report?
Matthew J. Espe reported receiving an award of 659 restricted stock units in WESCO common stock. These RSUs are a form of equity compensation and increase his direct holdings to 21,375.3383 common shares after the grant.
Was Matthew Espe’s WESCO (WCC) Form 4 a stock purchase or an award?
The Form 4 reflects a grant or award acquisition, not an open market purchase. Espe received 659 restricted stock units with a reported price of $0.0000 per share, indicating compensatory equity rather than a cash purchase transaction.
When do Matthew Espe’s new WESCO (WCC) RSUs vest?
The 659 restricted stock units granted to Matthew Espe vest in full on the first anniversary of the grant date. Vesting means he will then become entitled to receive an equivalent number of WESCO common shares, subject to plan terms.
What does each RSU in Matthew Espe’s WESCO (WCC) grant represent?
Each restricted stock unit represents a contingent right to receive one share of WESCO common stock. The units convert into actual shares when they vest, which for this grant occurs on the first anniversary of the grant date.