Western Digital (WDC) director receives new dividend equivalent rights award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Western Digital director Bruce E. Kiddoo reported a routine compensation-related award of dividend equivalent rights linked to existing restricted stock units. On June 17, 2026, he acquired 0.3342 dividend equivalent rights, each tied to one share of common stock or its cash value, bringing his total dividend equivalent rights to 2.1166.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KIDDOO BRUCE E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	0.334	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 2.117 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend equivalent rights granted: 0.3342 rights Total dividend equivalent rights after transaction: 2.1166 rights Underlying common stock per right: 1 share per right +1 more

4 metrics

Dividend equivalent rights granted 0.3342 rights Awarded on June 17, 2026 to Bruce E. Kiddoo

Total dividend equivalent rights after transaction 2.1166 rights Holdings following June 17, 2026 grant

Underlying common stock per right 1 share per right Each right tied to one Western Digital common share or cash value

Transaction price per right $0.0000 Grant price for dividend equivalent rights on June 17, 2026

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) which vest proportionately"

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

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Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 09:16 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^*

KIDDOO BRUCE E

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

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		0.3342		⁽¹⁾	⁽¹⁾	Common Stock	0.3342	$0.0	2.1166	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: Bruce Kiddoo	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) director Bruce Kiddoo report?

Bruce E. Kiddoo reported receiving 0.3342 dividend equivalent rights on June 17, 2026. These rights accrued on previously awarded restricted stock units and are part of his equity-based compensation, not an open-market stock purchase or sale.

What are dividend equivalent rights in Western Digital's Form 4 for WDC?

Dividend equivalent rights are awards that mirror dividends on restricted stock units. Each right represents a contingent right to receive one share of Western Digital common stock or the cash value of that share when the related RSUs vest proportionately over time.

How many dividend equivalent rights does Bruce Kiddoo hold after this WDC transaction?

After the June 17, 2026 award, Bruce E. Kiddoo holds 2.1166 dividend equivalent rights. This total reflects the newly accrued 0.3342 rights combined with his prior balance, all associated with his existing restricted stock unit awards at Western Digital.

Does the Bruce Kiddoo Form 4 for Western Digital involve stock being bought or sold?

The Form 4 does not show any open-market buying or selling of Western Digital shares. It reports a grant of 0.3342 dividend equivalent rights tied to existing restricted stock units, which is a routine, non-market compensation adjustment for the director.

How do the dividend equivalent rights for WDC director Bruce Kiddoo vest?

The dividend equivalent rights vest proportionately with the restricted stock units they relate to. As the underlying RSUs for Bruce E. Kiddoo vest according to their schedule, the associated dividend equivalent rights convert into either Western Digital common stock or an equivalent cash value.