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Western Digital (WDC) CLO receives dividend-equivalent RSU rights grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Tregillis Cynthia L reported acquisition or exercise transactions in this Form 4 filing.

Western Digital Corp Chief Legal Officer and Corporate Secretary Cynthia L. Tregillis reported a routine compensation-related transaction. She received 18.6375 Dividend Equivalent Rights tied to previously awarded restricted stock units. Each right represents a contingent right to receive one share of common stock or its cash value as the related RSUs vest.

Following this grant, Tregillis holds a total of 323.0011 Dividend Equivalent Rights, all reported as directly owned. These awards do not reflect an open-market purchase or sale, but rather standard equity compensation that vests proportionately with the underlying RSUs.

Positive

  • None.

Negative

  • None.
Insider Tregillis Cynthia L
Role Chief Legal Officer & Corp Sec
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights 18.638 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights — 323.001 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Dividend Equivalent Rights granted 18.6375 rights Grant on 2026-06-17 coded as compensation acquisition (A)
Total Dividend Equivalent Rights after transaction 323.0011 rights Directly owned following the reported grant
Underlying common stock per right 1 share or cash value Each right tied to one share of Western Digital common stock
Transaction price per right $0.0000 Compensation grant, not an open-market purchase
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
"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..."
common stock financial
"Each dividend equivalent right represents a contingent right to receive one share of the Issuer's common stock..."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Tregillis Cynthia L
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer & Corp Sec
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights(1)06/17/2026A18.6375 (1) (1)Common Stock18.6375$0.0323.0011D
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: Cynthia Tregillis06/22/2026
** Signature of Reporting PersonDate
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 Cynthia Tregillis?

Western Digital reported that Chief Legal Officer Cynthia L. Tregillis received 18.6375 Dividend Equivalent Rights. These awards are part of her equity compensation and are tied to previously granted restricted stock units that vest over time with the underlying RSUs.

How many Dividend Equivalent Rights does Cynthia Tregillis hold after this Form 4?

After the reported transaction, Cynthia L. Tregillis holds a total of 323.0011 Dividend Equivalent Rights. This total reflects cumulative compensation-related awards, all reported as directly owned, rather than any open-market buying or selling of Western Digital common stock.

Are the Western Digital (WDC) Dividend Equivalent Rights an open-market stock purchase?

No, the Dividend Equivalent Rights are not an open-market purchase. They are compensation-related awards that accrue on previously granted restricted stock units and vest proportionately with those RSUs, providing contingent rights to shares or their cash value upon vesting.

What do Western Digital Dividend Equivalent Rights represent for Cynthia Tregillis?

Each Dividend Equivalent Right represents a contingent right to receive one share of Western Digital common stock or the cash value of that share. These rights accrue on outstanding RSUs and vest in step with the underlying RSUs, aligning with the company’s equity compensation structure.

Does this Western Digital Form 4 indicate insider buying or selling of common stock?

The Form 4 does not show insider buying or selling of common stock. It reports an acquisition coded as a grant of 18.6375 Dividend Equivalent Rights, a standard equity compensation feature, with no open-market transactions reported in this filing for Cynthia Tregillis.

How do the Dividend Equivalent Rights for Western Digital RSUs vest over time?

The Dividend Equivalent Rights vest proportionately with the restricted stock units to which they relate. As each RSU tranche vests under its original schedule, the corresponding Dividend Equivalent Rights also vest, potentially delivering common shares or their cash value to the holder.