Western Digital (WDC) director awarded dividend equivalent rights grant

Rhea-AI Filing Summary

Western Digital Corp director Roxanne Oulman reported a small compensation-related award. She acquired 0.3342 dividend equivalent rights tied to previously granted restricted stock units. These rights vest in step with the underlying RSUs and each represents a contingent right to receive one share of common stock or its cash value. Following this award, she holds a total of 2.1166 dividend equivalent rights.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Oulman Roxanne

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 on June 17, 2026

Total dividend equivalent rights after grant 2.1166 rights Holdings following transaction

Transaction price per right $0.0000 Grant/award acquisition, no cash paid

Underlying common stock per right 1 share per right Each right equals one share or cash value

Key Terms

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

4 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

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

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..."

common stock financial

"Each dividend equivalent right represents a contingent right to receive one share of the Issuer's common stock..."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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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^*

Oulman Roxanne

(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: Roxanne Oulman	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) director Roxanne Oulman report?

Roxanne Oulman reported receiving 0.3342 dividend equivalent rights as a compensation-related award. These are derivative awards tied to previously granted restricted stock units and increase her total dividend equivalent rights position to 2.1166 after the transaction.

What are dividend equivalent rights in the Western Digital (WDC) Form 4 filing?

Dividend equivalent rights are awards that mirror dividends on underlying restricted stock units. Each right represents a contingent right to receive one share of Western Digital common stock, or its cash value, and generally vests proportionately with the related RSUs over time.

How many dividend equivalent rights does Roxanne Oulman hold after this WDC transaction?

After the reported award, Roxanne Oulman holds a total of 2.1166 dividend equivalent rights. This reflects the addition of 0.3342 new rights granted on June 17, 2026, on top of her previously accrued position in these derivative awards.

Does the Western Digital (WDC) Form 4 show an open-market buy or sell by Roxanne Oulman?

No open-market buy or sell is reported; the filing shows a grant coded as an acquisition. The transaction involves 0.3342 dividend equivalent rights awarded as part of her compensation, rather than shares purchased or sold in the market.

How do the dividend equivalent rights in this WDC filing relate to restricted stock units?

The dividend equivalent rights accrue on previously awarded restricted stock units and vest proportionately with those RSUs. As each related RSU vests, the associated dividend equivalent right can settle into one share of Western Digital common stock or an equivalent cash amount.