[Form 4] WESTERN DIGITAL CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Digital Corp Chief Executive Officer Irving Tan reported routine equity compensation activity rather than open-market trading. On June 20, 2026, 1,090 shares of common stock were withheld to cover tax obligations tied to vesting awards, leaving him with 595,966 directly held shares. The filing also shows dividend equivalent rights converting into 52.1114 shares of common stock and a separate grant of 56.5009 new dividend equivalent rights, which track previously awarded restricted stock units and pay out one share of common stock, or its cash value, per right as those units vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
52.111 shares exercised/converted
Mixed
4 txns
Insider
Tan Irving
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 52.111 | $0.00 | -- |
| Exercise | Common Stock | 52 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,090 | $746.23 | $813K |
| Grant/Award | Dividend Equivalent Rights | 56.501 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 886.663 shares (Direct, null);
Common Stock — 597,056 shares (Direct, null)
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). 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
Tax-withheld shares: 1,090 shares
Shares held after withholding: 595,966 shares
Dividend rights converted: 52.1114 rights
+2 more
5 metrics
Tax-withheld shares
1,090 shares
Common stock withheld for tax obligation on June 20, 2026
Shares held after withholding
595,966 shares
Direct common stock holdings following tax-withholding transaction
Dividend rights converted
52.1114 rights
Dividend equivalent rights converted into common stock on June 20, 2026
New dividend rights granted
56.5009 rights
Dividend equivalent rights granted on June 17, 2026
Price per share for tax withholding
$746.23 per share
Value used for 1,090-share tax-withholding disposition
Key Terms
Dividend Equivalent Rights, restricted stock units, Rule 16b-3(e), contingent right
4 terms
Dividend Equivalent Rights financial
"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"
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 equivalent rights relate"
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)."
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."
