Western Digital CLO sells 9,324 shares in planned trades
WESTERN DIGITAL CORP Chief Legal Officer and Corporate Secretary Cynthia L. Tregillis reported multiple transactions in the company’s common stock.
Rhea-AI Filing Summary
WESTERN DIGITAL CORP Chief Legal Officer and Corporate Secretary Cynthia L. Tregillis reported multiple transactions in the company’s common stock. She sold a total of 9,324 shares in open-market sales, including 777 shares at $257.91 per share and 8,547 shares at a weighted average price of $269.2156 per share, under a Rule 10b5-1 trading plan adopted on May 23, 2025.
She also acquired 23 shares of common stock upon the conversion of 23.8133 dividend equivalent rights tied to restricted stock units, and 2,798 shares were withheld at $250.61 per share to cover tax obligations related to vesting. After these transactions, she directly held 121,682 shares of common stock and 304.413 dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 777 | $257.91 | $200K |
| Sale | Common Stock | 8,547 | $269.2156 | $2.30M |
| Exercise | Dividend Equivalent Rights | 23.8133 | $0.00 | $0.00 |
| Exercise | Common Stock | 23 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,798 | $250.61 | $701K |
Footnotes (4)
- 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 May 23, 2025.
- F4. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $269.17 to a high of $269.2201. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
FAQ
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What insider transactions did WDC executive Cynthia Tregillis report on this Form 4?
Was the Western Digital (WDC) insider sale by Cynthia Tregillis under a 10b5-1 plan?
What were the tax-withholding transactions reported for Western Digital (WDC) stock?
How were dividend equivalent rights handled in this Western Digital (WDC) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.