WESCO (NYSE: WCC) EVP credited stock-based dividend rights in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International EVP Hemant Porwal received a small stock-based dividend award tied to existing equity grants. The Form 4 shows an acquisition of 2.8749 shares of common stock as dividend equivalent rights on restricted stock units, increasing his direct holdings to 16,620.9748 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Porwal Hemant
Role
EVP Supply Chain & Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.875 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,620.975 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares awarded as DERs: 2.8749 shares
Grant price per share: $0.00 per share
Shares held after transaction: 16,620.9748 shares
3 metrics
Shares awarded as DERs
2.8749 shares
Dividend equivalent rights on RSUs, transaction on 2026-06-30
Grant price per share
$0.00 per share
Dividend equivalent rights credited, not an open-market purchase
Shares held after transaction
16,620.9748 shares
Direct holdings of Hemant Porwal following the award
Key Terms
dividend equivalent rights ("DERs"), restricted stock units ("RSUs"), economic equivalent
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.
economic equivalent financial
"Each DER is the economic equivalent of one share of Issuer's common stock"
FAQ
What insider transaction did WESCO (WCC) EVP Hemant Porwal report?
Hemant Porwal reported receiving 2.8749 shares of WESCO common stock. These came as dividend equivalent rights attached to his restricted stock units, modestly increasing his direct equity stake rather than reflecting an open-market share purchase or sale.
Is the Hemant Porwal Form 4 transaction for WESCO a market trade?
No, the Form 4 shows a compensation-related award, not a market trade. The 2.8749 shares represent dividend equivalent rights on existing restricted stock units, credited at a grant price of $0.00 per share instead of being bought or sold in the open market.
What are dividend equivalent rights (DERs) mentioned in the WESCO Form 4?
Dividend equivalent rights, or DERs, give holders of restricted stock units an economic benefit similar to dividends. For WESCO, each DER is economically equal to one share of common stock and vests on the same schedule as the underlying restricted stock unit award.
Does the WESCO EVP Form 4 signal insider buying or selling of WCC stock?
The Form 4 does not show insider buying or selling in the market. It records a grant-type acquisition of 2.8749 shares as dividend equivalent rights on restricted stock units, a routine compensation adjustment rather than a discretionary trade in WESCO shares.