Western Digital (WDC) CFO receives new Dividend Equivalent Rights grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sennesael Kris reported acquisition or exercise transactions in this Form 4 filing.

Western Digital Corp Chief Financial Officer Kris Sennesael received a grant of 27.7681 Dividend Equivalent Rights tied to existing restricted stock units. Following this compensation-related award, he holds 464.2043 Dividend Equivalent Rights, each representing a contingent right to receive one share of common stock or its cash value upon vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sennesael Kris

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	27.768	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 464.204 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend Equivalent Rights granted: 27.7681 rights Dividend Equivalent Rights after transaction: 464.2043 rights Underlying common stock per right: 1 share or cash value

3 metrics

Dividend Equivalent Rights granted 27.7681 rights Grant on 2026-06-17 to CFO Kris Sennesael

Dividend Equivalent Rights after transaction 464.2043 rights Total holdings following the grant

Underlying common stock per right 1 share or cash value Each right tied to Western Digital common stock

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 (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

"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"

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Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 09:16 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sennesael Kris

(Last)

(First)

(Middle)

C/O WESTERN DIGITAL CORPORATION

5601 GREAT OAKS PARKWAY

(Street)

SAN JOSE

CALIFORNIA

95119

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WESTERN DIGITAL CORP [ WDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	⁽¹⁾	06/17/2026		A		27.7681		⁽¹⁾	⁽¹⁾	Common Stock	27.7681	$0.0	464.2043	D

Explanation of Responses:

1. 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.

	By: /s/ Sandra Garcia Attorney-in-Fact For: Kris Sennesael	06/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Western Digital (WDC) report for Kris Sennesael?

Western Digital reported that CFO Kris Sennesael received 27.7681 Dividend Equivalent Rights as a compensation-related award. These rights are linked to previously granted restricted stock units and increase his total Dividend Equivalent Rights holdings to 464.2043 after the transaction.

What are Dividend Equivalent Rights in Western Digital (WDC)'s Form 4 filing?

Dividend Equivalent Rights represent a contingent right to receive one share of Western Digital common stock or the cash value of a dividend. They accrue on previously awarded restricted stock units and vest in proportion to the underlying restricted stock units’ vesting schedule.

How many Dividend Equivalent Rights does the Western Digital (WDC) CFO hold after this transaction?

After this transaction, Western Digital’s CFO Kris Sennesael holds 464.2043 Dividend Equivalent Rights. This total reflects the new grant of 27.7681 rights, which accrued on previously awarded restricted stock units and vest alongside those underlying units over time.

Is the Western Digital (WDC) Form 4 transaction a purchase or a grant?

The Form 4 transaction is a grant, not an open-market purchase. Kris Sennesael acquired 27.7681 Dividend Equivalent Rights as a compensation-related award, classified under transaction code “A” for grant, award, or other acquisition in the insider reporting framework.

How do the Dividend Equivalent Rights for Western Digital (WDC) vest?

The Dividend Equivalent Rights vest proportionately with the restricted stock units to which they relate. As each underlying restricted stock unit for Western Digital’s CFO vests, a corresponding Dividend Equivalent Right converts into either one share of common stock or its cash value.