WESCO (NYSE: WCC) director adds stock units through compensation awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director Sundaram Nagarajan reported stock-based awards rather than open-market trades. On June 30, 2026, he acquired 22.6170 shares of common stock at a reference price of $345.43 per share through dividend equivalent rights tied to existing restricted stock units.
He also received 10.4709 deferred share units credited to his deferred compensation account under WESCO’s plan for non-employee directors, each economically equivalent to one share of common stock. Following these compensation-related grants, his directly held common stock position, including these units, is disclosed at just over 7,200 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
NAGARAJAN SUNDARAM
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10.471 | $0.00 | -- |
| Grant/Award | Common Stock | 22.617 | $345.43 | $8K |
Holdings After Transaction:
Common Stock — 7,244.432 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 deferred share units ("DSUs") credited to the Reporting Person's deferred compensation account pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan"). Each DSU is the economic equivalent of one share of Issuer's common stock and is eligible for distribution in the form of Issuer's common stock based on the schedule elected by the Reporting Person in accordance with the Plan.
Key Figures
DER-related shares granted: 22.6170 shares
DER reference price: $345.43 per share
Deferred share units credited: 10.4709 units
+4 more
7 metrics
DER-related shares granted
22.6170 shares
Dividend equivalent rights on RSUs, June 30, 2026
DER reference price
$345.43 per share
Economic equivalent value for DERs on June 30, 2026
Deferred share units credited
10.4709 units
DSUs credited under Deferred Compensation Plan, June 30, 2026
Holdings after DER transaction
7,267.0486 shares
Total direct common stock position after DER-related award
Holdings after DSU transaction
7,244.4316 shares
Total direct common stock position after DSU credit
Buy transactions
0
No open-market purchases reported in transaction summary
Sell transactions
0
No open-market sales reported in transaction summary
Key Terms
dividend equivalent rights, restricted stock units, deferred share units, Deferred Compensation Plan for Non-Employee Directors, +1 more
5 terms
dividend equivalent rights financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units"
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.
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.
Deferred Compensation Plan for Non-Employee Directors financial
"credited to the Reporting Person's deferred compensation account pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan")"
FAQ
What insider transactions did WESCO (WCC) director Sundaram Nagarajan report?
Director Sundaram Nagarajan reported two stock-based award acquisitions on June 30, 2026, rather than market trades. One award was from dividend equivalent rights on restricted stock units and the other from deferred share units under the non-employee directors’ deferred compensation plan.
What are dividend equivalent rights (DERs) in the WESCO Form 4?
Dividend equivalent rights are credits matching WESCO’s quarterly dividend on restricted stock units. Each DER is economically equivalent to one common share and vests on the same schedule as the underlying restricted stock unit award held by the director.