Western Digital officer sells 1,795 shares at $460
Western Digital’s Chief of Global Operations reported a small net sale of common stock, along with tax-withholding shares and dividend-equivalent conversions.
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) officer Vidyadhara K Gubbi, Chief of Global Operations, reported several equity transactions. On September 4, 2026, he sold 1,795 shares of common stock at $459.8732 per share. On September 3, 2026, dividend equivalent rights converted into 14.1166 shares of common stock, and 1,764 shares of common stock were withheld to pay tax obligations incident to vesting, all held directly. No Rule 10b5-1 trading plan is reported.
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Insights
Analyzing...
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Gubbi Vidyadhara K
Role
Chief of Global Operations
Sold
1,795 shs ($825K)
Approx. gross sale proceeds
$825K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,795 | $459.8732 | $825K |
| Exercise | Dividend Equivalent Rights F1 | 14.1166 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 14 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,764 | $441.57 | $779K |
Holdings After Transaction:
Dividend Equivalent Rights — 194.1244 contracts (Direct);
Common Stock — 80,571 shares (Direct)
Footnotes (2)
- 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).
Key Figures
Common shares sold: 1,795 shares
Sale price per share: $459.8732 per share
Shares withheld for taxes: 1,764 shares
+3 more
6 metrics
Common shares sold
1,795 shares
Sale of Western Digital common stock on September 4, 2026
Sale price per share
$459.8732 per share
Common stock sale on September 4, 2026
Shares withheld for taxes
1,764 shares
Tax-withholding disposition on September 3, 2026
Tax-withholding value per share
$441.57 per share
Payment of tax obligation by withholding securities under Rule 16b-3(e)
Dividend equivalent rights converted
14.1166 rights/shares
Converted into common stock on September 3, 2026
Dividend equivalent rights remaining
194.1244 rights
Balance of dividend equivalent rights after conversion
Key Terms
Dividend Equivalent Rights, restricted stock units, Rule 16b-3(e)
3 terms
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"
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)"
FAQ
What insider transactions did WDC’s Chief of Global Operations report?
Vidyadhara K Gubbi reported selling 1,795 shares of Western Digital common stock on September 4, 2026, plus dividend-equivalent conversions and tax-withholding share dispositions on September 3, 2026, all in direct ownership.
What happened to the dividend equivalent rights reported for WDC?
On September 3, 2026, 14.1166 dividend equivalent rights were converted one-for-one into 14.1166 shares of Western Digital common stock, with a cash payment made to settle a fractional right. The filing reports 194.1244 such rights remaining afterward.
Were Western Digital (WDC) insider trades made under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 plan affirmation box is not checked, and there is no footnote stating that the reported transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.