Western Digital legal chief sells 432 shares
Western Digital’s chief legal officer reported a small sale of common stock plus tax-related share withholding and dividend-equivalent conversions under a Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) reported insider transactions by Chief Legal Officer & Corp Sec Cynthia L. Tregillis involving common stock and dividend equivalent rights. On September 4, 2026, she sold 432 shares of common stock at $451.20 per share, reported as a sale in the open market or a private transaction.
On September 3, 2026, dividend equivalent rights were converted on a one-for-one basis into 7 shares of common stock, with a cash payment settling a fractional right, and 700 shares of common stock were delivered or withheld to pay a tax obligation in connection with vesting, at a reference value of $441.57 per share. After the conversion, 270.4819 dividend equivalent rights remained outstanding. The sale of 432 shares was effected pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 432 | $451.20 | $195K |
| Exercise | Dividend Equivalent Rights F1 | 7.0583 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 7 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 700 | $441.57 | $309K |
Footnotes (3)
- 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).
- F3. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 6, 2026.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
Dividend Equivalent Rights financial
restricted stock units financial
Rule 16b-3(e) regulatory
FAQ
What insider transactions did WDC’s chief legal officer report on this Form 4?
Was the Western Digital (WDC) insider sale made under a Rule 10b5-1 plan?
What are the details of the dividend equivalent rights reported for WDC?
AI-generated analysis. How Rhea-AI works. Not financial advice.