WDC Form 4 shows director RSU grant and dividend right conversion
Rhea-AI Filing Summary
Western Digital Corporation director reports new equity awards. A Western Digital (WDC) director filed a Form 4 disclosing equity-related transactions on 11/19/2025 and 11/20/2025. On 11/19/2025, dividend equivalent rights tied to previously granted restricted stock units converted into 10 shares of common stock at $0.0 per share, increasing the director’s direct holdings.
On 11/20/2025, the director received a grant of 1,585 restricted stock units, each representing a contingent right to one share of Western Digital common stock. After these transactions, the director directly beneficially owned 5,663 shares of Western Digital common stock. A small cash amount was also paid to settle a fractional dividend equivalent right.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,585 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 10.748 | $0.00 | -- |
| Exercise | Common Stock | 10 | $0.00 | -- |
Footnotes (1)
- 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. 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.
FAQ
What insider transactions did Western Digital (WDC) report in this Form 4?
The Form 4 reports a director’s conversion of dividend equivalent rights into 10 shares of Western Digital common stock on 11/19/2025 and a grant of 1,585 restricted stock units on 11/20/2025.
What are the dividend equivalent rights mentioned for Western Digital (WDC)?
The dividend equivalent rights were tied to restricted stock units and were converted into and paid in the form of Western Digital common stock on a one-for-one basis, with a small cash payment to settle a fractional right.
What does the restricted stock unit grant to the Western Digital director represent?
The grant of 1,585 restricted stock units gives the director a contingent right to receive one share of Western Digital common stock for each unit, subject to the applicable vesting conditions.
Is the Western Digital Form 4 filed for one or multiple reporting persons?
The Form 4 is filed by one reporting person, identified as a director of Western Digital Corporation.
Were any derivative securities still held after the Western Digital transactions?
After the conversion of 10.7481 dividend equivalent rights into common stock, the Form 4 shows 0 derivative securities beneficially owned in that line item.
What role does the reporting person have at Western Digital (WDC)?
The reporting person is identified as a Director of Western Digital Corporation.