WESCO EVP receives small stock-based dividend award
WESCO International EVP Hemant Porwal received a small stock-based dividend award tied to existing equity grants.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.8749 | $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
economic equivalent financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WESCO (WCC) EVP Hemant Porwal report?
Is the Hemant Porwal Form 4 transaction for WESCO a market trade?
What are dividend equivalent rights (DERs) mentioned in the WESCO Form 4?
Does the WESCO EVP Form 4 signal insider buying or selling of WCC stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.