Western Digital (WDC) operations chief granted new dividend equivalent rights
Filing Impact
Filing Sentiment
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 Trade Summary
1 transaction reported
Mixed
1 txn
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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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.