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  4. [Form 4] Western Digital Corp. Insider Trading Activity

Western Digital (WDC) Insider Streeter Reports Small DER Accrual

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Western Digital Corp. (WDC) – Form 4 insider transaction

Director Stephanie A. Streeter reported one transaction dated 06/18/2025. She acquired 10.7603 dividend-equivalent rights (DERs) that are linked to previously granted restricted stock units (RSUs). Each DER represents a contingent right to receive either one share of Western Digital common stock or its cash value when the underlying RSUs vest. The acquisition price was $0.00, and all DERs are held directly. Following the transaction Streeter beneficially owns 10.7603 DERs; no common shares were bought or sold in the open market.

The filing, signed on 06/23/2025 by attorney-in-fact Sandra Garcia, reflects routine accrual of dividend equivalents rather than an active share purchase or sale. No other derivative or non-derivative transactions were reported.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine 10.76 DER accrual; negligible financial impact.

The filing records a small, automatic accrual of dividend-equivalent rights tied to existing RSUs. At roughly 11 shares, the economic value is immaterial relative to Western Digital’s market capitalization and daily trading volume. No cash changed hands and no voting power meaningfully shifted. Investors should treat this as standard housekeeping under the company’s equity compensation plan.

TL;DR: Compliance update; no governance signal detected.

Streeter’s Form 4 complies with Section 16(a) reporting requirements. Because the rights vest proportionally with prior RSUs and involve no discretionary trade, the event offers no insight into insider sentiment or upcoming strategic moves. Governance risk unchanged.

Insider STREETER STEPHANIE A
Role Director
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights 10.76 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights — 10.76 shares (Direct)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
STREETER STEPHANIE A
(Last) (First) (Middle)
C/O WESTERN DIGITAL CORPORATION
5601 GREAT OAKS PARKWAY
(Street)
SAN JOSE CA 95119
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WESTERN DIGITAL CORP [ WDC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Dividend Equivalent Rights (1) 06/18/2025 A 10.7603 (1) (1) Common Stock 10.7603 $0.0 10.7603 D
Explanation of Responses:
1. 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.
By: /s/ Sandra Garcia Attorney-in-Fact For: Stephanie A. Streeter 06/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Western Digital (WDC) director Stephanie Streeter report on Form 4?

She acquired 10.7603 dividend-equivalent rights tied to previously granted RSUs on 06/18/2025.

Did the transaction involve buying or selling WDC common stock?

No. The filing shows no open-market purchase or sale; only automatic accrual of dividend equivalents.

What is the value of the dividend-equivalent rights acquired?

The rights were recorded at $0.00 per right; actual value depends on WDC’s share price when RSUs vest.

How many derivative securities does Streeter now own after the transaction?

She beneficially owns 10.7603 dividend-equivalent rights following the reported transaction.

When was the Form 4 signed and filed?

The document was signed on 06/23/2025 and filed the same day.