Western Digital (WDC) CFO updates holdings after RSU and DER vesting
Rhea-AI Filing Summary
Western Digital Corp (WDC) Chief Financial Officer Kris Sennesael reported routine equity compensation activity. On 11/20/2025, 99 shares of common stock were acquired at $0.0 in connection with the conversion of dividend equivalent rights tied to vested restricted stock units. To cover tax obligations on the vesting, 18,680 shares were withheld at a price of $140.23 per share.
After these transactions, Sennesael directly owned 187,966 shares of Western Digital common stock. He also held 387.6468 dividend equivalent rights as derivative securities, which can convert into additional common shares in connection with future vesting events.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 99.285 | $0.00 | -- |
| Exercise | Common Stock | 99 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,680 | $140.23 | $2.62M |
Footnotes (1)
- 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. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
FAQ
What insider transaction did Western Digital (WDC) report in this Form 4?
The filing reports CFO Kris Sennesael acquiring 99 Western Digital common shares through conversion of dividend equivalent rights and the withholding of 18,680 shares to satisfy tax obligations related to vesting equity awards.
Who is the reporting person in Western Digital (WDC)'s latest Form 4?
The reporting person is Kris Sennesael, who serves as Western Digital’s Chief Financial Officer and is an officer of the company.
What are dividend equivalent rights mentioned in the Western Digital (WDC) Form 4?
The filing explains that the dividend equivalent rights convert into, and are paid in the form of, Western Digital common shares on a one-for-one basis when the related restricted stock units vest, with any fractional amount settled in cash.
How many derivative securities does the Western Digital (WDC) CFO hold after the transaction?
After the reported activity, Kris Sennesael held 387.6468 dividend equivalent rights as derivative securities related to Western Digital common stock.