Western Digital CEO gets 16,548 RSUs, shifts 209K shares
WESTERN DIGITAL CORP (WDC) director and Chief Executive Officer Irving Tan reported several equity compensation-related transactions.
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) director and Chief Executive Officer Irving Tan reported several equity compensation-related transactions. On August 25–26, 2026, dividend equivalent rights were converted into about 74.447 shares of common stock in connection with vesting of restricted stock units, and 16,548 restricted stock units were granted. To cover tax obligations upon vesting, 3,790 shares of common stock were withheld at prices of $450.75 and $468.88 per share. A footnote also states that 209,000 shares were transferred to Tan’s personal investment company as a change in form of beneficial ownership exempt under Rule 16a-13.
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Insider Trade Summary
74.447 shares exercised/converted
Exercise
8 txns
Insider
Tan Irving
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights F1 | 42.4157 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 42 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 3,314 | $468.88 | $1.55M |
| Exercise | Dividend Equivalent Rights F1 | 32.0313 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 32 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 476 | $450.75 | $215K |
| Grant/Award | Common Stock F4 | 16,548 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 773.9385 contracts (Direct);
Common Stock — 379,147 shares (Direct);
Common Stock — 209,000 shares (Indirect, by Personal Inv. Co.)
Footnotes (4)
- F1. 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.
- F2. Since the date of the Reporting Person's last Form 4, the Reporting Person transferred 209,000 shares of the Issuer's common stock to the Reporting Person's personal investment company, organized under the laws of the Bahamas, of which the Reporting Person is the sole shareholder. The transfer constituted a change in form of beneficial ownership exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
- F3. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F4. 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.
Key Figures
Dividend equivalent rights converted: 74.447 shares of common stock
RSU grant: 16,548 restricted stock units
Shares withheld for taxes (total): 3,790 shares of common stock
+3 more
6 metrics
Dividend equivalent rights converted
74.447 shares of common stock
Converted on August 25–26, 2026 in connection with RSU vesting
RSU grant
16,548 restricted stock units
Grant to the Reporting Person on August 25, 2026
Shares withheld for taxes (total)
3,790 shares of common stock
Withheld incident to vesting of securities under Rule 16b-3(e)
Tax withholding price
$450.75 per share
Applied to 476 shares of common stock on August 25, 2026
Tax withholding price
$468.88 per share
Applied to 3,314 shares of common stock on August 26, 2026
Indirect holdings after transfer
209,000 shares of common stock
Held indirectly by personal investment company as of August 25, 2026
Key Terms
Dividend Equivalent Rights, restricted stock units, beneficial ownership, Rule 16a-13, +1 more
5 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights were converted into, and paid in the form of"
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.
beneficial ownership financial
"change in form of beneficial ownership exempt from Section 16 pursuant"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Rule 16a-13 regulatory
"exempt from Section 16 pursuant to Rule 16a-13 under the Securities"
Rule 16b-3(e) regulatory
"withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)"
FAQ
What equity awards did WDC CEO Irving Tan receive in this Form 4?
Irving Tan received a grant of 16,548 restricted stock units, each representing a contingent right to one share of Western Digital common stock, as disclosed in footnote F4.
Does this WDC Form 4 indicate any open-market stock sales by Irving Tan?
No. The filing shows tax-withholding dispositions and a change in form of ownership, but no open-market purchase or sale transactions; the dispositions are for tax obligations and exempt ownership restructuring.
AI-generated analysis. How Rhea-AI works. Not financial advice.
