WESCO CEO awarded additional stock equivalents
WESCO International Chairman, President & CEO John Engel reported an acquisition of 31.3649 common stock equivalents through dividend equivalent rights.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31.3649 | $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
restricted stock units financial
economic equivalent financial
vests on the same schedule financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WESCO (WCC) CEO John Engel report?
Was John Engel’s WESCO (WCC) Form 4 an open-market stock purchase?
What are dividend equivalent rights (DERs) in WESCO (WCC) CEO’s filing?
Do the dividend equivalent rights in WESCO (WCC) CEO’s Form 4 vest immediately?
AI-generated analysis. How Rhea-AI works. Not financial advice.