WESCO (WCC) EVP Daniel Castillo granted dividend-equivalent rights on RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International executive Daniel J. Castillo received an equity-based compensation award linked to existing restricted stock units. He acquired 20.1562 shares of common stock in the form of dividend equivalent rights, which carry the same economic value as common shares and vest on the same schedule as the underlying RSUs. Following this grant, his directly held common stock position reported in this filing increased to 15,345.3155 shares. This is a routine, non-cash award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Castillo Daniel J
Role
EVP & GM, EES
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20.156 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,345.316 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired (DERs): 20.1562 shares
Price per share: $0.0000
Total shares after transaction: 15,345.3155 shares
3 metrics
Shares acquired (DERs)
20.1562 shares
Dividend equivalent rights credited on RSUs on June 30, 2026
Price per share
$0.0000
Grant of dividend equivalent rights, non-cash award
Total shares after transaction
15,345.3155 shares
Direct common stock holdings following the Form 4 acquisition
Key Terms
dividend equivalent rights ("DERs"), restricted stock units ("RSUs"), economic equivalent of one share
3 terms
dividend equivalent rights ("DERs") financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
restricted stock units ("RSUs") financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
FAQ
What insider transaction did WESCO (WCC) executive Daniel J. Castillo report?
Daniel J. Castillo reported an acquisition of 20.1562 shares of WESCO common stock as a grant of dividend equivalent rights tied to his restricted stock units, a routine equity compensation adjustment rather than an open-market stock purchase.
Was the WESCO (WCC) insider transaction by Daniel J. Castillo a stock purchase or sale?
The transaction was not a market purchase or sale. It was an acquisition coded as a grant, representing dividend equivalent rights credited on existing restricted stock units rather than shares bought or sold in the open market.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights are credits that mirror cash dividends on restricted stock units. Each DER in this filing is economically equivalent to one share of WESCO common stock and vests on the same schedule as the related RSU award.
How is the Daniel J. Castillo WESCO (WCC) Form 4 transaction classified by the SEC code?
The transaction is classified under SEC code "A" for grant, award, or other acquisition. It reflects an equity compensation-related credit of dividend equivalent rights, not a discretionary open-market trade in WESCO shares.