Western Digital (WDC) ops chief logs RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Digital’s Chief of Global Operations, Vidyadhara K. Gubbi, reported small equity-related transactions tied to restricted stock units and dividend equivalent rights on February 20 and 21, 2026.
Dividend equivalent rights were converted into common stock on a one-for-one basis, adding a few shares to his direct holdings. On both dates, shares of common stock were also disposed of to cover tax obligations upon vesting, as allowed under Rule 16b-3(e). After these transactions, Gubbi directly owned just under 126,000 shares of Western Digital common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
8.691 shares exercised/converted
Mixed
6 txns
Insider
Gubbi Vidyadhara K
Role
Chief of Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 4.688 | $0.00 | -- |
| Exercise | Common Stock | 4 | $0.00 | -- |
| Tax Withholding | Common Stock | 483 | $285.52 | $138K |
| Exercise | Dividend Equivalent Rights | 4.003 | $0.00 | -- |
| Exercise | Common Stock | 4 | $0.00 | -- |
| Tax Withholding | Common Stock | 437 | $285.52 | $125K |
Holdings After Transaction:
Dividend Equivalent Rights — 310.376 shares (Direct);
Common Stock — 126,435 shares (Direct)
Footnotes (1)
- 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. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
FAQ
What insider transactions did Western Digital (WDC) report for Vidyadhara K. Gubbi?
Vidyadhara K. Gubbi reported conversions of dividend equivalent rights into common stock and related tax-withholding share dispositions. These transactions were linked to the vesting of restricted stock units rather than open-market purchases or sales.
Were the Western Digital (WDC) Form 4 transactions open-market buys or sells?
No, the transactions were not open-market trades. They reflect derivative exercises converting dividend equivalent rights into common stock and share dispositions used to pay tax obligations upon vesting of restricted stock units, under Rule 16b-3(e).
What are dividend equivalent rights in the Western Digital (WDC) Form 4 filing?
Dividend equivalent rights in this filing are instruments that track dividends on underlying restricted stock units. They were converted into, and paid in, shares of Western Digital common stock on a one-for-one basis when the related restricted stock units vested.