Western Digital (WDC) officer reports RSU vesting, tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Digital Corp Chief Sales & Marketing Officer Brian Scott Davis reported routine equity compensation activity involving common stock and related rights. On May 25, 2026, 971 shares of common stock were disposed of at $484.28 per share to satisfy tax obligations upon vesting, leaving 103,300 common shares directly owned after that withholding event.
On the same date, Davis also exercised dividend equivalent rights that converted into 7.3619 shares of common stock on a one-for-one basis tied to vested restricted stock units, with remaining dividend equivalent rights of 192.8438. After the common stock acquisition from these conversions, direct ownership increased to 104,271 common shares. No open-market purchases or sales were reported; the activity reflects vesting, derivative conversion, and tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
7.362 shares exercised/converted
Mixed
3 txns
Insider
Davis Brian Scott
Role
Chief Sales & Mrktng Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 7.362 | $0.00 | -- |
| Exercise | Common Stock | 7 | $0.00 | -- |
| Tax Withholding | Common Stock | 971 | $484.28 | $470K |
Holdings After Transaction:
Dividend Equivalent Rights — 192.844 shares (Direct, null);
Common Stock — 104,271 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).
Key Figures
Tax-withholding shares: 971 shares
Tax-withholding price: $484.28 per share
Shares after tax withholding: 103,300 shares
+3 more
6 metrics
Tax-withholding shares
971 shares
Common stock withheld for tax obligation on May 25, 2026
Tax-withholding price
$484.28 per share
Value used for 971 withheld common shares
Shares after tax withholding
103,300 shares
Common stock directly owned after F-code disposition
Shares from dividend equivalent rights
7.3619 shares
Common shares received from conversion of dividend equivalent rights
Dividend equivalent rights remaining
192.8438 rights
Derivative balance after conversion on May 25, 2026
Shares after conversions
104,271 shares
Common stock directly owned after M-code acquisition
Key Terms
Dividend Equivalent Rights, restricted stock units, Rule 16b-3(e), tax-withholding disposition, +1 more
5 terms
Dividend Equivalent Rights financial
"security_title: "Dividend Equivalent Rights""
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
"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
"withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
FAQ
What insider transactions did Western Digital (WDC) report for Brian Scott Davis?
Western Digital’s Chief Sales & Marketing Officer Brian Scott Davis reported equity compensation activity, including tax-withholding of 971 common shares and conversion of dividend equivalent rights into 7.3619 common shares, all tied to vesting events rather than open-market trades.
What are dividend equivalent rights in the Western Digital (WDC) filing?
Dividend equivalent rights in this filing are derivative awards that track dividends on underlying restricted stock units. They were converted into and paid as 7.3619 common shares on a one-for-one basis upon vesting, with a small cash payment for a fractional right.