Western Digital (WDC) director granted dividend equivalent rights

Rhea-AI Filing Summary

Western Digital Corp director Stephanie A. Streeter received a small grant of dividend equivalent rights tied to existing restricted stock units. On June 17, 2026, she acquired 0.3342 dividend equivalent rights, bringing her total derivative holdings of this award type to 2.1166 rights.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider STREETER STEPHANIE A

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)

1. [object Object]

Key Figures

Dividend equivalent rights granted: 0.3342 rights Total dividend equivalent rights after grant: 2.1166 rights Transaction price per right: $0.0000 +1 more

4 metrics

Dividend equivalent rights granted 0.3342 rights Grant to director on June 17, 2026

Total dividend equivalent rights after grant 2.1166 rights Holdings following June 17, 2026 transaction

Transaction price per right $0.0000 Grant price for dividend equivalent rights

Underlying security 0.3342 shares Common stock underlying granted dividend equivalent rights

Key Terms

Dividend Equivalent Rights, restricted stock units (RSUs), contingent right

3 terms

Dividend Equivalent Rights financial

"The dividend equivalent rights accrued on previously awarded restricted stock units (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 (RSUs) financial

"accrued on previously awarded restricted stock units (RSUs) which vest proportionately"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

contingent right financial

"Each dividend equivalent right represents a contingent right to receive one share"

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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 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)
			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)	06/17/2026		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: Stephanie Streeter	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)

FAQ

What insider transaction did Western Digital (WDC) report for Stephanie A. Streeter?

Western Digital reported that director Stephanie A. Streeter received a grant of 0.3342 dividend equivalent rights on June 17, 2026. These rights are linked to previously awarded RSUs and increase her total derivative position of this type to 2.1166 rights.

Were Stephanie A. Streeter’s Western Digital transactions open-market buys or sells?

The reported transaction was not an open-market buy or sell. It was a Form 4 Code A event, meaning a grant or award acquisition of dividend equivalent rights associated with her existing restricted stock units, with no market trade involved.

What are dividend equivalent rights in Western Digital’s compensation structure?

Dividend equivalent rights are contingent rights that accrue on restricted stock units and vest proportionately with those RSUs. Each right represents a potential entitlement to receive one share of common stock of Western Digital or the cash value of that share when settled.

How many dividend equivalent rights does Stephanie A. Streeter hold after this Western Digital grant?

After the June 17, 2026 grant, Stephanie A. Streeter holds 2.1166 dividend equivalent rights. These derivative holdings reflect only this specific award type and are tied to the vesting schedule of the related restricted stock units granted by Western Digital.

Does this Western Digital Form 4 indicate any stock sales by Stephanie A. Streeter?

No stock sales are indicated. The Form 4 shows only a grant of dividend equivalent rights with transaction code A and zero reported shares sold. The transaction summary lists no sell transactions and classifies the activity as an acquisition of derivative securities.

How is the value of Western Digital dividend equivalent rights determined for Stephanie A. Streeter?

Each dividend equivalent right represents a contingent right to receive one share of Western Digital common stock or its cash value. The eventual value depends on the company’s share price and whether the award is settled in stock or cash when the related RSUs vest.