Western Digital executive reports routine equity transactions
Western Digital Chief Sales & Marketing Officer Brian Scott Davis reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Western Digital Chief Sales & Marketing Officer Brian Scott Davis reported routine equity compensation activity. On 2026-06-20, 961 shares of common stock were disposed of to cover tax obligations at $746.23 per share, while 7 shares were acquired through a derivative exercise. He also received and exercised dividend equivalent rights tied to restricted stock units, and now directly holds 101,603 common shares.
Insider Trade Summary
7.6954 shares exercised/converted
Exercise
4 txns
Insider
Davis Brian Scott
Role
Chief Sales & Mrktng Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 7.6954 | $0.00 | $0.00 |
| Exercise | Common Stock | 7 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 961 | $746.23 | $717K |
| Grant/Award | Dividend Equivalent Rights | 11.6951 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 190.1601 contracts (Direct);
Common Stock — 101,603 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F3. The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately with the RSUs to which they relate. Each dividend equivalent right represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
Key Figures
Tax-withheld shares: 961 shares
Tax withholding price: $746.23 per share
Shares held after tax disposition: 101,603 shares
+4 more
7 metrics
Tax-withheld shares
961 shares
Common stock used to satisfy tax obligation on 2026-06-20
Tax withholding price
$746.23 per share
Value applied to 961 withheld shares on 2026-06-20
Shares held after tax disposition
101,603 shares
Direct common stock holding following F-code transaction
Shares after derivative exercise
102,564 shares
Direct common stock holding following M-code exercise on 2026-06-20
Dividend equivalent rights exercised
7.6954 rights
Converted into equal number of common shares on 2026-06-20
Dividend equivalent rights granted
11.6951 rights
New award on 2026-06-17 linked to RSUs
Dividend equivalent rights remaining
190.1601 rights
Outstanding after reported derivative transactions
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 of the Issuer's common stock"
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
"in connection with the vesting of restricted stock units to which the dividend equivalent rights relate"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Western Digital (WDC) executive Brian Scott Davis report in this Form 4?
Brian Scott Davis reported routine equity compensation activity, including tax withholding and derivative-related share movements. The filing covers vesting-related transactions rather than open-market buying or selling of Western Digital common stock.
What derivative awards were involved in Brian Scott Davis’s Western Digital filing?
The filing shows dividend equivalent rights linked to restricted stock units. On 2026-06-17, 11.6951 dividend equivalent rights were granted, and on 2026-06-20, 7.6954 were converted into common shares on a one-for-one basis, with remaining rights outstanding.
Were Brian Scott Davis’s Western Digital transactions open-market trades?
No, the reported transactions were not open-market trades. They involved the exercise and conversion of dividend equivalent rights and a tax-withholding disposition associated with vesting equity awards, rather than discretionary buying or selling on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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