Western Digital officer awarded dividend equivalents
Feller Brad reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Feller Brad reported acquisition or exercise transactions in this Form 4 filing.
Western Digital Corp SVP & Chief Accounting Officer Brad Feller received a grant of 2.0887 Dividend Equivalent Rights tied to previously awarded restricted stock units. Each right represents a contingent right to receive one share of Western Digital common stock or its cash value. Following this grant, he holds a total of 13.2295 Dividend Equivalent Rights directly.
Insider Trade Summary
Grant/Award: 2.0887 shares
Grant/Award
1 txn
Insider
Feller Brad
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 2.0887 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 13.2295 contracts (Direct)
Footnotes (1)
- F1. 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
Dividend Equivalent Rights granted: 2.0887 rights
Total Dividend Equivalent Rights after grant: 13.2295 rights
Underlying common stock per right: 1 share or cash value
+1 more
4 metrics
Dividend Equivalent Rights granted
2.0887 rights
Grant on 2026-06-17 to Brad Feller
Total Dividend Equivalent Rights after grant
13.2295 rights
Post-transaction direct holdings
Underlying common stock per right
1 share or cash value
Each right corresponds to one Western Digital share or cash value
Transaction code
A (grant/award acquisition)
Form 4 transaction classification
Key Terms
Dividend Equivalent Rights, restricted stock units (RSUs), contingent right, Form 4
4 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately with the RSUs"
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 (RSUs) financial
"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"Each dividend equivalent right represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Western Digital (WDC) report for Brad Feller?
Western Digital reported that SVP & Chief Accounting Officer Brad Feller received 2.0887 Dividend Equivalent Rights. These rights are tied to previously granted restricted stock units and increase his total Dividend Equivalent Rights holdings to 13.2295.
What are Dividend Equivalent Rights in the Western Digital (WDC) Form 4?
Dividend Equivalent Rights are awards that accrue on previously granted restricted stock units. Each right gives a contingent claim to receive one share of Western Digital common stock or the cash value of one share, vesting proportionately with the related RSUs.
How many Dividend Equivalent Rights does Brad Feller hold after this Western Digital transaction?
After this transaction, Brad Feller holds 13.2295 Dividend Equivalent Rights. The reported Form 4 shows a grant of 2.0887 new rights, increasing his directly owned total to that post-transaction amount.
Was the Western Digital (WDC) Form 4 transaction a purchase or sale of stock?
The Form 4 does not report a stock purchase or sale. Instead, it reflects an acquisition of 2.0887 Dividend Equivalent Rights as a grant related to previously awarded restricted stock units, with no open-market trading indicated.
Do the Dividend Equivalent Rights in this Western Digital filing pay cash immediately?
No, the Dividend Equivalent Rights do not pay cash immediately. Each right represents a contingent right to receive either one share of Western Digital common stock or the cash value of a share, vesting over time with the related RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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