Western Digital grants CFO 8,274 stock units
WESTERN DIGITAL CORP (WDC) reported insider equity compensation and related tax withholding transactions by Chief Financial Officer Kris Sennesael.
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) reported insider equity compensation and related tax withholding transactions by Chief Financial Officer Kris Sennesael. On August 25, 2026, he received 8,274 restricted stock units, each representing one share of common stock. On August 26, dividend equivalent rights totaling 19.8821 units converted into 19 shares of common stock (with a fractional unit settled in cash), and 4,317 shares of common stock were withheld to pay tax obligations upon vesting. After the conversion, he held 444.3222 dividend equivalent rights as a derivative position.
Positive
- None.
Negative
- None.
Insider Trade Summary
19.8821 shares exercised/converted
Exercise
4 txns
Insider
Sennesael Kris
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights F2 | 19.8821 | $0.00 | $0.00 |
| Exercise | Common Stock F2 | 19 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 4,317 | $468.88 | $2.02M |
| Grant/Award | Common Stock F1 | 8,274 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 444.3222 contracts (Direct);
Common Stock — 173,709 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: 8,274 units
Dividend Equivalent Rights exercised: 19.8821 units
Shares received from DER conversion: 19 shares
+3 more
6 metrics
Restricted stock units granted
8,274 units
Grant to Kris Sennesael on August 25, 2026
Dividend Equivalent Rights exercised
19.8821 units
Converted on August 26, 2026 into common stock
Shares received from DER conversion
19 shares
Common stock issued on one-for-one basis for dividend equivalent rights
Shares withheld for taxes
4,317 shares
Common stock withheld as payment of tax obligation on August 26, 2026
Withholding price per share
$468.88 per share
Reported price for common stock withheld to satisfy tax obligation
Dividend Equivalent Rights remaining
444.3222 units
Total derivative position following the conversion transaction
Key Terms
Dividend Equivalent Rights, restricted stock units, Rule 16b-3(e)
3 terms
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.
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.
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)"
FAQ
What equity award did WDC grant to CFO Kris Sennesael in this Form 4?
The company granted Kris Sennesael 8,274 restricted stock units on August 25, 2026. Each restricted stock unit represents a contingent right to receive one share of Western Digital common stock, subject to the award’s vesting conditions.
How many Western Digital (WDC) dividend equivalent rights were converted in this filing?
A total of 19.8821 dividend equivalent rights were converted on August 26, 2026 into 19 shares of Western Digital common stock on a one-for-one basis, with a cash payment made to settle the remaining fractional right.
What remaining derivative position is reported for the WDC CFO?
After the reported transactions, Kris Sennesael held 444.3222 Dividend Equivalent Rights, each tied to Western Digital common stock, as a remaining derivative position according to the filing data.
Is this WDC Form 4 mainly a stock sale by the CFO?
No. The filing primarily reports equity awards and vesting-related events: a grant of 8,274 restricted stock units, conversion of dividend equivalent rights into 19 shares, and 4,317 shares withheld solely to satisfy tax obligations on vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
