How does this Form 4 transaction affect Western Digital share ownership for the officer?

The transaction modestly increases the officer’s derivative position through 14.0786 new dividend equivalent rights. These instruments are contingent claims on Western Digital common stock or cash and follow the vesting schedule of the underlying restricted stock units already granted.

Western Digital (NASDAQ: WDC) ops chief granted dividend equivalent rights

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Gubbi Vidyadhara K reported acquisition or exercise transactions in this Form 4 filing.

Western Digital Corp Chief of Global Operations Gubbi Vidyadhara K received a small compensation-related award of dividend equivalent rights tied to existing restricted stock units. The award covers 14.0786 dividend equivalent rights, bringing his total to 237.1611, each linked to one share of common stock or its cash value.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gubbi Vidyadhara K

Role Chief of Global Operations

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	14.079	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 237.161 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Dividend equivalent rights granted: 14.0786 rights Total dividend equivalent rights after grant: 237.1611 rights Conversion price: $0.0000 per right

3 metrics

Dividend equivalent rights granted 14.0786 rights Grant to Chief of Global Operations on 2026-06-17

Total dividend equivalent rights after grant 237.1611 rights Holdings following the reported transaction

Conversion price $0.0000 per right Dividend equivalent rights 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

"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…"

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

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 09:15 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^*

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)
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		14.0786		⁽¹⁾	⁽¹⁾	Common Stock	14.0786	$0.0	237.1611	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	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 Gubbi Vidyadhara K?

Western Digital reported that Chief of Global Operations Gubbi Vidyadhara K received 14.0786 dividend equivalent rights. These awards are compensation-related, tied to previously granted restricted stock units and do not represent an open-market stock purchase or sale.

How many dividend equivalent rights does the Western Digital officer hold after this Form 4?

After this transaction, the officer directly holds a total of 237.1611 dividend equivalent rights. Each right is linked to one share of Western Digital common stock or its cash value, vesting in line with the underlying restricted stock units.

What are dividend equivalent rights in the Western Digital (WDC) Form 4?

Dividend equivalent rights are compensation instruments that mirror dividends on underlying restricted stock units. Each right represents a contingent right to receive one share of Western Digital common stock, or the cash value, and they vest proportionately with the related RSUs over time.

Is the Western Digital Form 4 transaction an open-market stock trade?

No, the Form 4 transaction is not an open-market trade. It reflects a grant of dividend equivalent rights accruing on previously awarded restricted stock units, functioning as part of the officer’s equity compensation rather than a discretionary stock purchase or sale.