Western Digital CLO sells stock under 10b5-1 plan
WESTERN DIGITAL CORP (WDC) insider Cynthia L. Tregillis, Chief Legal Officer & Corp Sec, reported multiple equity transactions.
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Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) insider Cynthia L. Tregillis, Chief Legal Officer & Corp Sec, reported multiple equity transactions. On August 21 and 24, 2026 she sold 235 and 684 shares of common stock at $477.27 and $446.17 per share, respectively, with both sales effected pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2026. Around August 20–21, dividend equivalent rights related to restricted stock units were converted into common shares on a one-for-one basis, and a total of 1,488 shares was withheld at prices of $469.05 and $459.44 per share to satisfy tax obligations under Rule 16b-3(e).
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 684 | $446.17 | $305K |
| Exercise | Dividend Equivalent Rights F1 | 11.1826 | $0.00 | $0.00 |
| Sale | Common Stock F3 | 235 | $477.27 | $112K |
| Exercise | Common Stock F1 | 11 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,109 | $459.44 | $510K |
| Exercise | Dividend Equivalent Rights F1 | 3.8337 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 379 | $469.05 | $178K |
Footnotes (3)
- 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. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F3. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 6, 2026.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
Dividend Equivalent Rights financial
restricted stock units financial
Rule 16b-3(e) regulatory
FAQ
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Were the WDC insider sales made under a Rule 10b5-1 trading plan?
What are the Dividend Equivalent Rights mentioned in the WDC Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.