Western Digital ops chief withholds 1,010 shares
Western Digital’s Chief of Global Operations, Gubbi Vidyadhara K, converted 7.7240 Dividend Equivalent Rights into common stock in connection with restricted stock unit vesting, receiving 7 shares and cash for a fractional right.
Rhea-AI Filing Summary
Western Digital’s Chief of Global Operations, Gubbi Vidyadhara K, converted 7.7240 Dividend Equivalent Rights into common stock in connection with restricted stock unit vesting, receiving 7 shares and cash for a fractional right. To cover related taxes, 1010.0000 shares of common stock were withheld at $290.9500 per share. After these transactions, he directly holds 124,949 shares of Western Digital common stock.
Positive
- None.
Negative
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Insider Trade Summary
7.724 shares exercised/converted
Exercise
3 txns
Insider
Gubbi Vidyadhara K
Role
Chief of Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 7.724 | $0.00 | $0.00 |
| Exercise | Common Stock | 7 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,010 | $290.95 | $294K |
Holdings After Transaction:
Dividend Equivalent Rights — 302.6523 contracts (Direct);
Common Stock — 124,949 shares (Direct)
Footnotes (2)
- 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).
Key Figures
Dividend Equivalent Rights converted: 7.7240 rights
Common shares from conversion: 7.0000 shares
Tax withholding shares: 1010.0000 shares
+3 more
6 metrics
Dividend Equivalent Rights converted
7.7240 rights
Dividend Equivalent Rights converted into common stock in connection with restricted stock unit vesting.
Common shares from conversion
7.0000 shares
Shares of common stock received upon conversion of Dividend Equivalent Rights.
Tax withholding shares
1010.0000 shares
Common stock withheld on 2026-02-25 to satisfy tax obligations related to vesting.
Tax withholding price
$290.9500 per share
Per-share value used for the tax-withholding disposition of 1010.0000 shares.
Post-transaction common stock holding
124,949 shares
Direct holdings of Western Digital common stock after the reported transactions.
Dividend Equivalent Rights remaining
302.6523 rights
Reported total Dividend Equivalent Rights position following the conversion transaction.
Key Terms
Dividend Equivalent Rights, restricted stock units, Rule 16b-3(e)
3 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights were converted into, and paid in the form of, shares"
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
"in connection with the 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.
Rule 16b-3(e) regulatory
"Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did WDC report for Gubbi Vidyadhara K?
Gubbi Vidyadhara K reported conversion of 7.7240 Dividend Equivalent Rights into common stock tied to restricted stock unit vesting, plus withholding of 1010.0000 shares to satisfy tax obligations at $290.9500 per share.
What are Dividend Equivalent Rights in this WDC Form 4?
The filing shows 7.7240 Dividend Equivalent Rights converted into common stock on a one-for-one basis when related restricted stock units vested, with any fractional right settled in cash, aligning dividend accruals with stock-based awards.
What was the price used for tax withholding in WDC’s Form 4?
The tax-withholding transaction used a share value of $290.9500 per share for 1010.0000 shares of Western Digital common stock, as part of payment of tax obligations incident to vesting under Rule 16b-3(e).
AI-generated analysis. How Rhea-AI works. Not financial advice.
