WESCO (WCC) EVP reports RSU tax withholding and dividend-equivalent share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International executive Dirk Waugh Naylor reported routine equity compensation activity. On June 30, 2026, 284.4067 shares of common stock were surrendered at $345.43 per share to cover tax withholding on the vesting of restricted stock units originally granted on June 30, 2025. The same day, he acquired 11.6154 common shares as dividend equivalent rights tied to his restricted stock units, with no cash paid. After these transactions, he directly held 8,967.2333 WESCO common shares, so the tax withholding represents a small portion of his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Naylor Dirk Waugh
Role
EVP & GM, Comm & Sec Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11.615 | $0.00 | -- |
| Tax Withholding | Common Stock | 284.407 | $345.43 | $98K |
Holdings After Transaction:
Common Stock — 8,967.233 shares (Direct, null)
Footnotes (1)
- 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. Represents tax withholding on the vesting of restricted stock units ("RSUs") that were granted on 06/30/2025.
Key Figures
Tax-withholding shares: 284.4067 shares
Tax-withholding price: $345.43 per share
Dividend equivalent shares granted: 11.6154 shares
+2 more
5 metrics
Tax-withholding shares
284.4067 shares
Common stock withheld for RSU tax obligations on June 30, 2026
Tax-withholding price
$345.43 per share
Value used for RSU-related tax withholding shares
Dividend equivalent shares granted
11.6154 shares
DERs credited on RSUs, no cash paid
Shares held after transactions
8,967.2333 shares
Direct WESCO common stock holdings post June 30, 2026
RSU grant date referenced
June 30, 2025
Original grant date of RSUs that vested and triggered tax withholding
Key Terms
dividend equivalent rights, DERs, restricted stock units, tax withholding disposition, +1 more
5 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.
DERs financial
"Each DER is the economic equivalent of one share of Issuer's common stock"
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.
tax withholding disposition financial
"Represents tax withholding on the vesting of restricted stock units ("RSUs")"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transactions did WESCO (WCC) executive Dirk Waugh Naylor report?
Dirk Waugh Naylor reported a tax-withholding disposition of 284.4067 WESCO common shares and an acquisition of 11.6154 shares as dividend equivalent rights. Both events are tied to restricted stock units vesting and are routine compensation-related transactions rather than open-market trades.
Was the WESCO (WCC) Form 4 a stock sale by the executive?
No, the Form 4 shows 284.4067 shares withheld to satisfy tax obligations on vesting restricted stock units. This tax-withholding disposition is not an open-market sale and does not reflect an active trading decision in WESCO shares by the executive.