Western Digital officer granted 21 dividend rights

Western Digital’s Chief of Global Operations received additional dividend equivalent rights tied to earlier RSU awards, modestly increasing his contingent equity-linked position.

Rhea-AI Filing Summary

WESTERN DIGITAL CORP (symbol: WDC) is the issuer of record for a Form 4 filing submitted to the SEC. Gubbi Vidyadhara K reported acquisition or exercise transactions in this Form 4 filing.

WESTERN DIGITAL CORP (WDC) reported that Chief of Global Operations Gubbi Vidyadhara K received a grant of 21.0234 Dividend Equivalent Rights on September 17, 2026. These rights accrued on previously awarded restricted stock units and increase his directly held Dividend Equivalent Rights to 215.1478, each representing a contingent right to one share of common stock or its cash value, vesting proportionately with the related RSUs.

Insider Trade Summary

Grant/Award: 21.0234 shares

Grant/Award 1 txn

Insider Gubbi Vidyadhara K

Role Chief of Global Operations

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1	21.0234	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 215.1478 contracts (Direct)

Footnotes (1)

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: 21.0234 rights Dividend Equivalent Rights after transaction: 215.1478 rights Underlying common stock per right: 1 share or cash value +2 more

5 metrics

Dividend Equivalent Rights granted 21.0234 rights Derivative grant to Chief of Global Operations on September 17, 2026

Dividend Equivalent Rights after transaction 215.1478 rights Total directly held Dividend Equivalent Rights following the grant

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

Transaction price per right $0.0000 Reported transaction price per Dividend Equivalent Right on the grant date

Reporting person role Chief of Global Operations Officer title of the reporting person at Western Digital Corp

Key Terms

Dividend Equivalent Rights, restricted stock units, contingent right, cash value thereof

4 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 financial

"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs)"

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.

contingent right financial

"Each dividend equivalent right represents a contingent right to receive one share"

cash value thereof financial

"one share of the Issuer's common stock or the cash value thereof"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WESTERN DIGITAL CORP (WDC) report for Gubbi Vidyadhara K?

On September 17, 2026, Gubbi Vidyadhara K received a grant of 21.0234 Dividend Equivalent Rights tied to previously awarded restricted stock units, classified as a derivative acquisition with no cash price per right reported.

What are the Dividend Equivalent Rights reported in WDC’s Form 4?

The filing states each Dividend Equivalent Right accrued on prior RSU awards and "represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof" and will vest proportionately with the related RSUs.

How many Dividend Equivalent Rights does the WDC officer hold after this transaction?

After the September 17, 2026 grant, the officer holds 215.1478 Dividend Equivalent Rights directly. These rights are derivative interests linked to Western Digital common stock and vest over time with the underlying restricted stock units.

Was the WDC Form 4 transaction made under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is not affirmed (the box is unchecked), and the footnotes do not state that the grant was made pursuant to a Rule 10b5-1 trading arrangement.

Does the WDC officer immediately receive common shares from these Dividend Equivalent Rights?

No. The Form 4 explains each Dividend Equivalent Right is a contingent right that vests proportionately with its related RSUs and may result in either one share of common stock or the cash value, rather than immediate share delivery.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/21/2026 - 06:35 PM Accepted by SEC EDGAR 09/21/2026 - 06:34 PM Learn about SEC filing dates

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^*

Gubbi Vidyadhara K

(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 of Global Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	09/17/2026		A		21.0234		(1)	(1)	Common Stock	21.0234	$0.0	215.1478	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: Vidyadhara Gubbi	09/21/2026
	** 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)