Western Digital (WDC) CPO reports tax withholding and equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Digital Corp Chief Product Officer Ahmed Mohammed reported routine equity compensation transactions. On June 17, 2026, 5,149 shares of common stock were disposed of to cover tax obligations related to vesting, a non-market, tax-withholding event. The same day, he acquired 51 shares of common stock through an exercise of derivative awards and received 27.9177 dividend equivalent rights that convert one-for-one into common shares. Following these transactions, he directly holds 164,855 shares of common stock, plus ongoing dividend equivalent rights linked to previously granted restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
51.896 shares exercised/converted
Mixed
4 txns
Insider
Shihab Ahmed Mohammed
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 51.896 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Rights | 27.918 | $0.00 | -- |
| Exercise | Common Stock | 51 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,149 | $712.13 | $3.67M |
Holdings After Transaction:
Dividend Equivalent Rights — 398.95 shares (Direct, null);
Common Stock — 164,855 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. Includes 485 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2026. 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: 5,149 shares
Tax-withholding reference price: $712.13 per share
Shares acquired via exercise: 51 shares
+5 more
8 metrics
Tax-withheld shares
5,149 shares
Common stock withheld for tax obligation on Jun. 17, 2026
Tax-withholding reference price
$712.13 per share
Price associated with 5,149-share tax-withholding disposition
Shares acquired via exercise
51 shares
Common stock from derivative exercise on Jun. 17, 2026
Dividend equivalent rights granted
27.9177 rights
New rights awarded on Jun. 17, 2026
Dividend equivalent rights exercised
51.8964 rights
Converted into common stock on Jun. 17, 2026
Common shares after transactions
164,855 shares
Direct holdings of common stock following Form 4 transactions
Dividend equivalent rights after exercise
398.9503 rights
Remaining dividend equivalent rights after conversion
ESPP shares referenced
485 shares
Shares acquired under Employee Stock Purchase Plan on May 31, 2026
Key Terms
Dividend Equivalent Rights, restricted stock units, Rule 16b-3(e), Employee Stock Purchase Plan
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"
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)."
Employee Stock Purchase Plan financial
"Includes 485 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
