WESCO International (WCC) CFO reports new dividend equivalent rights on RSUs
Rhea-AI Filing Summary
WESCO International’s Executive Vice President and Chief Financial Officer reported a routine increase in his equity-based holdings through dividend equivalent rights. On 12/31/2025, he acquired 11.8275 dividend equivalent rights (DERs) tied to previously granted restricted stock units. Each DER is the economic equivalent of one share of WESCO common stock and follows the same vesting schedule as the underlying RSUs.
After this accrual, the officer beneficially owned 110,298.9911 shares of common stock in total, held directly. The transaction was reported on an individual basis by the officer and reflects standard compensation-related adjustments rather than an open-market stock purchase or sale.
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FAQ
What insider transaction did WESCO International (WCC) report for its EVP & CFO?
The Executive Vice President and Chief Financial Officer of WESCO International reported acquiring 11.8275 dividend equivalent rights (DERs) on 12/31/2025, linked to existing restricted stock units.
How many WESCO (WCC) shares does the reporting officer beneficially own after this transaction?
Following the reported transaction, the officer beneficially owned 110,298.9911 shares of WESCO common stock in total, held directly.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
The filing explains that dividend equivalent rights (DERs) accrue in connection with WESCO’s quarterly dividend on restricted stock units. Each DER is the economic equivalent of one share of WESCO common stock and vests on the same schedule as the related RSU award.
Was the WESCO (WCC) EVP & CFO’s transaction a purchase or sale on the open market?
No open-market purchase or sale is described. The entry reflects accrual of 11.8275 DERs at a price of $0, tied to existing restricted stock units as part of equity compensation.
What is the relationship of the reporting person to WESCO International (WCC)?
The reporting person is identified as an Officer of WESCO International, serving as EVP & CFO, and the Form 4 is filed for one reporting person.
Do the DERs in this WESCO (WCC) filing vest immediately?
The description states that each DER vests on the same schedule as the underlying restricted stock unit award, meaning they follow the RSU vesting terms rather than vesting immediately.