Western Digital lawyer sells 1,483 company shares
WESTERN DIGITAL CORP (WDC) reported insider equity activity by Chief Legal Officer & Corporate Secretary Cynthia L. Tregillis.
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) reported insider equity activity by Chief Legal Officer & Corporate Secretary Cynthia L. Tregillis. She sold 1,483 shares of common stock in open-market transactions on August 26–27, 2026 at prices of $450.78 and $478.36 per share, effected under a Rule 10b5-1 trading plan adopted March 6, 2026. In connection with vesting equity awards, 2,402 shares were withheld to satisfy tax obligations under Rule 16b-3(e), and 3,878 restricted stock units were granted, each representing a right to one share. Dividend Equivalent Rights tied to vested RSUs were also converted into an equivalent number of common shares, with a cash payment made only for a fractional right.
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Insights
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F4 | 1,007 | $478.36 | $482K |
| Exercise | Dividend Equivalent Rights F1 | 9.4687 | $0.00 | $0.00 |
| Sale | Common Stock F4 | 476 | $450.78 | $215K |
| Exercise | Common Stock F1 | 9 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,631 | $468.88 | $765K |
| Exercise | Dividend Equivalent Rights F1 | 7.7788 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 7 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 771 | $450.75 | $348K |
| Grant/Award | Common Stock F3 | 3,878 | $0.00 | $0.00 |
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. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F3. 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.
- F4. 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
contingent right financial
FAQ
What did WDC insider Cynthia L. Tregillis report in this Form 4?
Were the WDC insider stock sales under a Rule 10b5-1 trading plan?
What equity award did Cynthia L. Tregillis receive from WDC?
What are the Dividend Equivalent Rights mentioned in the WDC Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.