WESCO EVP receives dividend-equivalent share award
WESCO International executive Daniel J. Castillo received an equity-based compensation award linked to existing restricted stock units.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20.1562 | $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 ("DERs") financial
restricted stock units ("RSUs") financial
FAQ
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What insider transaction did WESCO (WCC) executive Daniel J. Castillo report?
Was the WESCO (WCC) insider transaction by Daniel J. Castillo a stock purchase or sale?
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
How is the Daniel J. Castillo WESCO (WCC) Form 4 transaction classified by the SEC code?
AI-generated analysis. How Rhea-AI works. Not financial advice.