Western Digital (WDC) exec sells shares, settles RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Digital executive Gubbi Vidyadhara K, Chief of Global Operations, reported multiple stock moves. On March 4, 2026, he sold a total of 10,148 shares of common stock in open-market transactions at prices around $269–$271, leaving 107,794 shares held directly afterward.
On March 3, 2026, dividend equivalent rights tied to restricted stock units converted into 47 shares of common stock, and 7,054 shares were withheld to cover tax obligations in connection with vesting, as permitted under Rule 16b-3(e).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,148 shares ($2,743,110)
Net Sell
5 txns
Insider
Gubbi Vidyadhara K
Role
Chief of Global Operations
Sold
10,148 shs ($2.74M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,973 | $269.57 | $801K |
| Sale | Common Stock | 7,175 | $270.6172 | $1.94M |
| Exercise | Dividend Equivalent Rights | 47.627 | $0.00 | -- |
| Exercise | Common Stock | 47 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,054 | $250.61 | $1.77M |
Holdings After Transaction:
Common Stock — 114,969 shares (Direct);
Dividend Equivalent Rights — 255.026 shares (Direct)
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 transactions did Western Digital (WDC) report for Gubbi Vidyadhara K?
Western Digital reported that executive Gubbi Vidyadhara K sold common stock, received shares from dividend equivalent rights, and had shares withheld for taxes tied to restricted stock unit vesting, combining open-market sales with equity award-related activity.
What happened to the dividend equivalent rights reported for Western Digital (WDC)?
Dividend equivalent rights converted into and were paid as 47 shares of Western Digital common stock on a one-for-one basis when related restricted stock units vested. A small cash payment settled the remaining fractional right, according to the Form 4 footnote.