WESCO (NYSE: WCC) CEO John Engel receives dividend-based stock equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International Chairman, President & CEO John Engel reported an acquisition of 31.3649 common stock equivalents through dividend equivalent rights. These rights accrued on his existing restricted stock units in connection with the company’s quarterly dividend and carry the same vesting schedule as the underlying awards.
Following this routine compensation-related accrual, Engel directly holds 478,977.1054 common shares and equivalents. The transaction was recorded at a price of $0.00 per share, reflecting that it was an award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ENGEL JOHN
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31.365 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 478,977.105 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
DERs granted: 31.3649 shares
Post-transaction holdings: 478,977.1054 shares
Grant price: $0.00 per share
+1 more
4 metrics
DERs granted
31.3649 shares
Dividend equivalent rights on RSUs
Post-transaction holdings
478,977.1054 shares
Direct common stock and equivalents after grant
Grant price
$0.00 per share
Award-type acquisition, not market purchase
Transaction date
2026-06-30
Date dividend equivalent rights accrued
Key Terms
dividend equivalent rights, restricted stock units, economic equivalent, vests on the same schedule
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.
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.
economic equivalent financial
"Each DER is the economic equivalent of one share of Issuer's common stock"
vests on the same schedule financial
"and vests on the same schedule as the underlying award"
FAQ
What insider transaction did WESCO (WCC) CEO John Engel report?
John Engel reported acquiring 31.3649 common stock equivalents via dividend equivalent rights. These accrued on his restricted stock units due to WESCO’s quarterly dividend and follow the same vesting schedule as the underlying RSU awards.
Was John Engel’s WESCO (WCC) Form 4 an open-market stock purchase?
No, the Form 4 shows a grant-type acquisition, not an open-market purchase. Engel received 31.3649 dividend equivalent rights at a stated price of $0.00 per share, linked to existing restricted stock units and the company’s quarterly dividend.
What are dividend equivalent rights (DERs) in WESCO (WCC) CEO’s filing?
Dividend equivalent rights are awards that mirror the value of one share of common stock for each right. In Engel’s case, DERs accrued on his restricted stock units from WESCO’s quarterly dividend and vest on the same schedule as the underlying RSUs.
Do the dividend equivalent rights in WESCO (WCC) CEO’s Form 4 vest immediately?
The dividend equivalent rights do not vest immediately. The filing states each right is economically equivalent to one share and vests on the same schedule as the underlying restricted stock unit award to which it relates.