Western Digital (WDC) officer receives additional dividend equivalent rights grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Digital Corp Chief Sales & Marketing Officer Brian Scott Davis received a small compensation-related award linked to existing equity grants. He acquired 26.1629 dividend equivalent rights on 2026-03-18, bringing his holdings in this derivative instrument to 217.4250 rights.
The dividend equivalent rights accrued on previously granted restricted stock units and will vest in step with those units. Each right represents a contingent entitlement to receive one share of Western Digital common stock, or the cash value of a share, rather than an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davis Brian Scott
Role
Chief Sales & Mrktng Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 26.163 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 217.425 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Western Digital (WDC) report for Brian Scott Davis?
Western Digital reported that Chief Sales & Marketing Officer Brian Scott Davis acquired 26.1629 dividend equivalent rights. These rights are tied to previously awarded restricted stock units and represent additional, non-cash compensation rather than an open-market share purchase.
How many dividend equivalent rights does the WDC officer hold after this Form 4?
After the transaction, Brian Scott Davis holds 217.4250 dividend equivalent rights. These derivative rights track previously granted restricted stock units and may settle in either Western Digital common stock or the cash value of the stock upon vesting.
Are the Western Digital (WDC) dividend equivalent rights an open-market stock purchase?
No, the dividend equivalent rights are not an open-market stock purchase. They are compensation-related rights that accrue on existing restricted stock units and provide a contingent claim to Western Digital shares or equivalent cash when those units vest over time.
What do the dividend equivalent rights reported by Western Digital (WDC) represent?
Each dividend equivalent right represents a contingent right to receive one share of Western Digital common stock or its cash value. They accrued on earlier restricted stock unit awards and will vest proportionately with those underlying restricted stock units, aligning compensation with shareholder returns.