Western Digital (WDC) director receives new dividend equivalent rights

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Alexy Kimberly reported acquisition or exercise transactions in this Form 4 filing.

Western Digital director Kimberly Alexy received a grant of 0.3342 Dividend Equivalent Rights linked to previously awarded restricted stock units. These rights vest in step with the related RSUs and represent a contingent right to receive one share of common stock or its cash value per right. Following this award, Alexy holds 2.1166 Dividend Equivalent Rights in total, reflecting routine, compensation-related accruals rather than any open-market buying or selling of Western Digital stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Alexy Kimberly

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	0.334	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 2.117 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend Equivalent Rights granted: 0.3342 rights Total Dividend Equivalent Rights after grant: 2.1166 rights Derivative transactions in this filing: 1 transaction +1 more

4 metrics

Dividend Equivalent Rights granted 0.3342 rights Grant on 2026-06-17 as compensation-linked award

Total Dividend Equivalent Rights after grant 2.1166 rights Holdings following reported Form 4 transaction

Derivative transactions in this filing 1 transaction Single derivative-type grant reported in transactionSummary

Buy and sell shares reported 0 shares No open-market buys or sells; compensation grant only

Key Terms

Dividend Equivalent Rights, restricted stock units, contingent right

3 terms

Dividend Equivalent Rights financial

"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately with the RSUs"

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

"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately"

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.

contingent right financial

"Each dividend equivalent right represents a contingent right to receive one share of the Issuer's common stock"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 09:15 PM Accepted by SEC EDGAR 06/22/2026 - 09:15 PM

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^*

Alexy Kimberly

(Last)

(First)

(Middle)

C/O WESTERN DIGITAL CORPORATION

5601 GREAT OAKS PARKWAY

(Street)

SAN JOSE

CALIFORNIA

95119

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	⁽¹⁾	06/17/2026		A		0.3342		⁽¹⁾	⁽¹⁾	Common Stock	0.3342	$0.0	2.1166	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: Kimberly Alexy	06/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Western Digital (WDC) director Kimberly Alexy report in this Form 4?

Kimberly Alexy reported receiving 0.3342 Dividend Equivalent Rights tied to existing restricted stock units. These awards are compensation-related and increase her total Dividend Equivalent Rights holdings to 2.1166, without involving any open-market stock purchases or sales.

What are Dividend Equivalent Rights in the Western Digital (WDC) filing?

Dividend Equivalent Rights are awards that accrue on restricted stock units and vest proportionately with those units. Each right gives a contingent claim to receive one share of Western Digital common stock or the cash value of that share at settlement, depending on plan terms.

Did Kimberly Alexy buy or sell Western Digital (WDC) shares in this transaction?

No, Kimberly Alexy neither bought nor sold Western Digital shares. She received 0.3342 Dividend Equivalent Rights as a grant linked to previously awarded restricted stock units, a routine compensation mechanism rather than an open-market trade in the company’s stock.

How many Dividend Equivalent Rights does Kimberly Alexy hold after this Western Digital grant?

After receiving the additional 0.3342 Dividend Equivalent Rights, Kimberly Alexy holds a total of 2.1166 such rights. These mirror the vesting of her underlying restricted stock units and may convert into Western Digital common stock or equivalent cash value in the future.

Are the Dividend Equivalent Rights in the Western Digital (WDC) Form 4 tied to RSUs?

Yes, the Dividend Equivalent Rights accrue on previously awarded restricted stock units and vest proportionately with those RSUs. This means the rights follow the same vesting schedule and represent potential future delivery of Western Digital common stock or cash tied to those awards.