Western Digital (WDC) CLO trades stock as RSUs vest and taxes withheld
Rhea-AI Filing Summary
Cynthia L. Tregillis, Chief Legal Officer & Corporate Secretary of Western Digital, reported several equity transactions. On July 20, dividend equivalent rights tied to restricted stock units converted into 13 common shares, with 1,309 shares withheld to cover taxes. On July 21, she sold 808 common shares at $529.63 per share under a Rule 10b5-1 trading plan adopted on March 6, 2026.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Tregillis Cynthia L
Role
Chief Legal Officer & Corp Sec
Sold
808 shs ($428K)
Approx. gross sale proceeds
$428K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 808 | $529.63 | $428K |
| Exercise | Dividend Equivalent Rights F1 | 13.1971 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 13 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,309 | $487.42 | $638K |
Holdings After Transaction:
Dividend Equivalent Rights — 309.804 shares (Direct);
Common Stock — 114,539 shares (Direct)
Footnotes (3)
- F1. The dividend equivalent rights were converted into, and paid in the form of, shares of the Issuer's common stock on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalent rights relate. A cash amount was also paid to the holder to settle a fractional dividend equivalent right.
- F2. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F3. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 6, 2026.
Key Figures
Common shares sold: 808 shares
Sale price per share: $529.63
Shares withheld for taxes: 1,309 shares
+4 more
7 metrics
Common shares sold
808 shares
Sale of Western Digital common stock on July 21, 2026
Sale price per share
$529.63
Price for 808 common shares sold on July 21, 2026
Shares withheld for taxes
1,309 shares
Common stock withheld to satisfy tax obligation on July 20, 2026
Tax withholding reference price
$487.42
Per-share value used for 1,309 shares withheld for taxes
Dividend equivalent rights converted
13.1971 rights
Converted into an equal number of common shares on July 20, 2026
Common shares received from DERs
13 shares
Shares acquired at $0.00 per share via conversion of dividend equivalent rights
Dividend equivalent rights remaining
309.8040 rights
Dividend equivalent rights outstanding after the reported conversion
Key Terms
Rule 10b5-1 trading plan, Dividend Equivalent Rights, restricted stock units, Rule 16b-3(e)
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Dividend Equivalent Rights financial
"The dividend equivalent rights were converted into, and paid in the form of, shares"
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
"in connection with the vesting of restricted stock units to which the dividend equivalent rights relate"
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.
Rule 16b-3(e) regulatory
"Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Western Digital (WDC) insider Cynthia Tregillis sell in this Form 4?
Cynthia L. Tregillis sold 808 shares of Western Digital common stock on July 21, 2026 at $529.63 per share. The transaction was reported as a sale in the open market or a private transaction.
Was the WDC insider sale by Cynthia Tregillis under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Cynthia L. Tregillis on March 6, 2026, indicating the trades were pre-arranged under that plan.
What are the dividend equivalent rights mentioned in the Western Digital (WDC) Form 4?
Dividend equivalent rights were converted one-for-one into 13.1971 shares of common stock in connection with the vesting of related restricted stock units. A cash payment settled the fractional right that could not be issued as a full share.