Western Digital (WDC) insider uses 1,286 shares to cover taxes
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) reported Form 4 transactions by executive Vidyadhara K. Gubbi, Chief of Global Operations, related to equity award vesting on August 20–21, 2026. Dividend Equivalent Rights were exercised and converted one-for-one into a total of 10.3029 shares of Common Stock, resulting in acquisitions of 4 and 5 shares of Common Stock in two transactions at a stated price of $0.00 per share. In connection with the vesting of the related restricted stock units, 592 and 694 shares of Common Stock (total 1,286 shares) were withheld and disposed of under code F at $469.05 and $459.44 per share, respectively, as payment of tax obligations pursuant to Rule 16b-3(e). The filing shows no open-market purchases or sales, only award conversion and tax-withholding activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,277 shares
Net Sell
6 txns
Insider
Gubbi Vidyadhara K
Role
Chief of Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights F1 | 5.5576 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 694 | $459.44 | $319K |
| Exercise | Dividend Equivalent Rights F1 | 4.7453 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 4 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 592 | $469.05 | $278K |
Holdings After Transaction:
Dividend Equivalent Rights — 226.8582 shares (Direct);
Common Stock — 82,126 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: 10.3029 shares
Common Stock acquired from conversions: 4 shares; 5 shares
Shares withheld for taxes: 1,286 shares
+2 more
5 metrics
Dividend Equivalent Rights converted
10.3029 shares
Total Dividend Equivalent Rights converted into Common Stock on August 20–21, 2026
Common Stock acquired from conversions
4 shares; 5 shares
Non-derivative Common Stock acquired via code M on August 20 and 21, 2026
Shares withheld for taxes
1,286 shares
592 shares at $469.05 and 694 shares at $459.44 disposed under code F to pay tax obligations
Code F per-share price 1
$469.05 per share
Price for 592 shares of Common Stock withheld for tax obligations on August 20, 2026
Code F per-share price 2
$459.44 per share
Price for 694 shares of Common Stock withheld for tax obligations on August 21, 2026
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"
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
"withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)"
FAQ
What insider activity did WDC report for Vidyadhara K. Gubbi on this Form 4?
The Form 4 reports exercise of Dividend Equivalent Rights into Common Stock and withholding of 1,286 shares of Western Digital (WDC) Common Stock to cover tax obligations related to vesting equity awards. There were no open-market purchases or sales.
What are Dividend Equivalent Rights in the context of WDC’s Form 4?
The filing states that Dividend Equivalent Rights were converted into, and paid in the form of, shares of Western Digital’s Common Stock on a one-for-one basis when the related restricted stock units vested, with a cash payment for any fractional right.
Were there any open-market stock purchases or sales by the WDC executive?
No. The transactions involve award-related exercises (Dividend Equivalent Rights converting into Common Stock) and shares withheld for tax under code F. The filing does not report any open-market purchases (code P) or sales (code S).
Who is the insider involved in this Western Digital (WDC) Form 4 and what is their role?
The reporting person is Vidyadhara K. Gubbi, identified as an officer of Western Digital Corporation with the title Chief of Global Operations. The reported transactions relate to his equity-based compensation awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
