Western Digital director awarded dividend equivalent rights
A Western Digital director received a small award of dividend equivalent rights that accrue alongside previously granted RSUs.
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Form Type
4
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) director Manuvir Das reported an award of 0.2732 Dividend Equivalent Rights on September 17, 2026, linked to previously granted restricted stock units. Following this acquisition, he holds 0.4358 Dividend Equivalent Rights directly, each tied to the issuer’s common stock or its cash value as the related RSUs vest.
Insider Trade Summary
Grant/Award: 0.2732 shares
Grant/Award
1 txn
Insider
Das Manuvir
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights F1 | 0.2732 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 0.4358 rights (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 acquired: 0.2732 rights
Dividend Equivalent Rights held after transaction: 0.4358 rights
Price per Dividend Equivalent Right: $0.0000 per right
+1 more
4 metrics
Dividend Equivalent Rights acquired
0.2732 rights
Grant/award acquisition on September 17, 2026
Dividend Equivalent Rights held after transaction
0.4358 rights
Direct ownership position following the reported award
Price per Dividend Equivalent Right
$0.0000 per right
Reported transaction price for the September 17, 2026 award
Underlying common stock per right
1 share or cash value
Each Dividend Equivalent Right represents a contingent right to one share of common stock or its cash value
Key Terms
Dividend Equivalent Rights, restricted stock units (RSUs), contingent right
3 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on previously awarded restricted stock units"
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)"
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is the insider in this Form 4 for WDC and what is their role?
The Form 4 reports transactions by Manuvir Das, who is identified as a director of Western Digital Corp. No officer or ten percent owner status is indicated for him in this filing.
What did the Western Digital (WDC) director acquire in this Form 4?
Manuvir Das acquired 0.2732 Dividend Equivalent Rights related to previously awarded restricted stock units (RSUs). Each right represents a contingent right to receive one share of common stock or the cash value of that share as the associated RSUs vest.
How many Dividend Equivalent Rights does the WDC director hold after this transaction?
After the September 17, 2026 transaction, Manuvir Das directly holds 0.4358 Dividend Equivalent Rights. These rights vest proportionately with the underlying RSUs to which they relate.
When did the reported transaction for Western Digital (WDC) occur?
The reported grant or award of 0.2732 Dividend Equivalent Rights to Western Digital director Manuvir Das took place on September 17, 2026.
Is this WDC Form 4 transaction a market purchase or sale of common stock?
No. The filing reports a grant or award of Dividend Equivalent Rights tied to RSUs, not a market purchase or sale of Western Digital common stock. The reported price per right is $0.0000.
Were the WDC Form 4 transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transactions were made under a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
