Western Digital insider Tregillis receives 16,554 RSUs; tax withholding noted
Rhea-AI Filing Summary
Cynthia Tregillis, Chief Legal Officer & Corporate Secretary of Western Digital Corporation (WDC), reported equity awards and withholding related to vesting. On 08/26/2025 she was granted 16,554 restricted stock units that vest into common stock. On 08/27/2025 dividend equivalent rights tied to those RSUs were converted into shares on a one-for-one basis and 1.1421 dividend-equivalent shares were recorded. Also on 08/27/2025, 266 shares were withheld to satisfy tax obligations at an indicated price of $80.67, leaving 150,874 shares beneficially owned after the transactions.
Positive
- 16,554 restricted stock units granted, increasing the reporting person's alignment with shareholders
- Dividend equivalent rights converted into shares on a one-for-one basis, preserving equity value for the holder
- Timely Form 4 disclosure with reporting person role and transaction details provided
Negative
- 266 shares withheld to satisfy tax obligations, reducing the reporting person's net shareholding
- Withholding executed at $80.67, reflecting a taxable event realized at that price
Insights
TL;DR: Routine equity compensation and tax withholding by an insider; disclosures align with standard Section 16 reporting.
The Form 4 shows a grant of 16,554 RSUs, conversion of related dividend equivalent rights into shares, and withholding of 266 shares to satisfy taxes at $80.67 per share. Reporting is consistent with compensation vesting events and Rule 16b-3 mechanics. All transactions are reported within the required timeframe and the filing identifies the reporting person and her officer role.
TL;DR: Insider equity vesting increases alignment; withholding to cover taxes is a common, non-material disposition.
The RSU grant and the conversion of dividend equivalents are typical elements of executive compensation. The withholding of 266 shares reduces net share count but is described as tax withholding incident to vesting. The filing includes an attorney-in-fact signature, indicating the report was executed on behalf of the reporting person.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 1.142 | $0.00 | -- |
| Exercise | Common Stock | 1 | $0.00 | -- |
| Tax Withholding | Common Stock | 266 | $80.67 | $21K |
| Grant/Award | Common Stock | 16,554 | $0.00 | -- |
Footnotes (1)
- Represents the grant of restricted stock units to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. 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).