Western Digital director granted dividend equivalents
Western Digital director Bruce E. Kiddoo reported a routine compensation-related award of dividend equivalent rights linked to existing restricted stock units.
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Form Type
4
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
Grant/Award: 0.3342 shares
Grant/Award
1 txn
Insider
KIDDOO BRUCE E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 0.3342 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 2.1166 contracts (Direct)
Footnotes (1)
- F1. 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.
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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