STOCK TITAN

Western Digital (WDC) operations chief granted new dividend equivalent rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Gubbi Vidyadhara K reported acquisition or exercise transactions in this Form 4 filing.

Western Digital Corp's Chief of Global Operations, Gubbi Vidyadhara K, received a grant of 34.6578 Dividend Equivalent Rights on Common Stock. These rights accrued on previously awarded restricted stock units and will vest proportionately with those units. Following this grant, the reported balance of Dividend Equivalent Rights is 289.6836, each representing a contingent right to receive one share of common stock or its cash value.

Positive

  • None.

Negative

  • None.
Insider Gubbi Vidyadhara K
Role Chief of Global Operations
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights 34.658 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights — 289.684 shares (Direct)
Footnotes (1)
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SEC Form 4
FORM 4UNITED 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*
Gubbi Vidyadhara K

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief of Global Operations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights(1)03/18/2026A34.6578 (1) (1)Common Stock34.6578$0.0289.6836D
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: Vidyadhara Gubbi03/19/2026
** Signature of Reporting PersonDate
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 Gubbi Vidyadhara K?

Western Digital (WDC) reported that Chief of Global Operations Gubbi Vidyadhara K received 34.6578 Dividend Equivalent Rights. These rights are tied to previously awarded restricted stock units and represent additional compensation rather than an open-market stock purchase or sale.

What are Dividend Equivalent Rights in the Western Digital (WDC) Form 4 filing?

Dividend Equivalent Rights in the Western Digital (WDC) filing are contingent rights linked to existing RSUs. Each right represents a potential share of common stock or its cash value, accruing as if dividends were paid on the underlying restricted stock units over time.

How many Dividend Equivalent Rights does the Western Digital (WDC) executive hold after this transaction?

After this transaction, the Western Digital (WDC) executive is reported to hold 289.6836 Dividend Equivalent Rights. This total includes the newly granted 34.6578 rights and reflects compensation tied to previously awarded restricted stock units that vest over time.

Does the Western Digital (WDC) Form 4 show an open-market buy or sell of common stock?

The Western Digital (WDC) Form 4 does not show an open-market buy or sell. It reports a grant of Dividend Equivalent Rights associated with restricted stock units, a compensation-related award rather than a discretionary purchase or sale of common stock in the market.

How do the Dividend Equivalent Rights for Western Digital (WDC) vest for this executive?

The Dividend Equivalent Rights for Western Digital (WDC) vest proportionately with the related restricted stock units. As the underlying RSUs vest, the corresponding rights convert into either one share of common stock per right or the cash value of that share, depending on plan terms.