Western Digital grants 6,722 RSUs to insider
WESTERN DIGITAL CORP (WDC) reported insider equity compensation activity by Chief Product Officer Shihab Ahmed Mohammed.
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Form Type
4
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) reported insider equity compensation activity by Chief Product Officer Shihab Ahmed Mohammed. On August 25, 2026, he received 6,722 restricted stock units, each representing one common share. On August 26, related dividend equivalent rights converted into 15 common shares, and 2,741 shares of common stock were withheld to satisfy tax obligations upon vesting.
Insider Trade Summary
15.9063 shares exercised/converted
Exercise
4 txns
Insider
Shihab Ahmed Mohammed
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights F2 | 15.9063 | $0.00 | $0.00 |
| Exercise | Common Stock F2 | 15 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 2,741 | $468.88 | $1.29M |
| Grant/Award | Common Stock F1 | 6,722 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 410.9617 contracts (Direct);
Common Stock — 163,702 shares (Direct)
Footnotes (3)
- F1. Represents the grant of restricted stock units to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2. The dividend equivalent rights were converted into, and paid in the form of, shares of the Issuer's common stock on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalent rights relate. A cash amount was also paid to the holder to settle a fractional dividend equivalent right.
- F3. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
Key Figures
Restricted stock units granted: 6,722 shares
Dividend Equivalent Rights converted: 15.9063 rights
Common shares received from dividend equivalents: 15 shares
+3 more
6 metrics
Restricted stock units granted
6,722 shares
RSU grant to the reporting person on 2026-08-25
Dividend Equivalent Rights converted
15.9063 rights
Converted into common stock on 2026-08-26
Common shares received from dividend equivalents
15 shares
Conversion of dividend equivalent rights on 2026-08-26
Shares withheld for tax obligation
2,741 shares
Withholding upon vesting of securities on 2026-08-26
Withholding transaction price
$468.88 per share
Price used for tax withholding (code F) on 2026-08-26
Dividend Equivalent Rights remaining
410.9617 rights
Total Dividend Equivalent Rights following transaction on 2026-08-26
Key Terms
restricted stock units, Dividend Equivalent Rights, Rule 16b-3(e), tax obligation by withholding securities
4 terms
restricted stock units financial
"Represents the grant of restricted stock units to 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.
Dividend Equivalent Rights financial
"The dividend equivalent rights were converted into, and paid in the form of, shares"
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.
Rule 16b-3(e) regulatory
"Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)."
tax obligation by withholding securities financial
"Payment of tax obligation by withholding securities incident to the vesting of securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did WDC grant to Shihab Ahmed Mohammed in this Form 4?
The reporting person received a grant of 6,722 restricted stock units, each representing a contingent right to receive one share of Western Digital common stock, as disclosed in the footnote describing the RSU grant.
What happened to the dividend equivalent rights reported for WDC?
On August 26, 2026, 15.9063 dividend equivalent rights were converted into, and paid in the form of, 15 shares of Western Digital common stock on a one-for-one basis, with a cash payment made to settle the remaining fractional right.
Does the Form 4 show remaining dividend equivalent rights for WDC?
Yes. After the conversion of 15.9063 dividend equivalent rights, the position shows 410.9617 dividend equivalent rights remaining, corresponding to dividend equivalents still linked to underlying restricted stock units.
Were the acquisitions and dispositions in WDC stock market purchases or sales?
No market purchases or sales are reported. The filing shows RSU and dividend-equivalent conversions (code M and A) and a tax withholding transaction (code F), all related to equity compensation vesting, rather than open-market buys or sells.
AI-generated analysis. How Rhea-AI works. Not financial advice.
