Western Digital grants 3,619 RSUs to officer
WESTERN DIGITAL CORP (WDC) reported insider equity activity by Chief Sales & Marketing Officer Brian Scott Davis.
Rhea-AI Filing Summary
WESTERN DIGITAL CORP (WDC) reported insider equity activity by Chief Sales & Marketing Officer Brian Scott Davis. On August 25–26, 2026, dividend equivalent rights were exercised and converted into common stock, and Davis received common shares from this conversion plus a 3,619-share restricted stock unit grant. In connection with vesting, a total of 2,615 shares of common stock were withheld to pay tax obligations under Rule 16b-3(e). No open-market purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
15.3533 shares exercised/converted
Exercise
7 txns
Insider
Davis Brian Scott
Role
Chief Sales & Mrktng Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights F1 | 7.5745 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 7 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,644 | $468.88 | $771K |
| Exercise | Dividend Equivalent Rights F1 | 7.7788 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 7 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 971 | $450.75 | $438K |
| Grant/Award | Common Stock F3 | 3,619 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 164.317 contracts (Direct);
Common Stock — 101,321 shares (Direct)
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. Represents the grant of restricted stock units to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
Key Figures
Dividend equivalent rights exercised: 15.3533 units
Shares withheld for tax obligations: 2,615 shares
RSU grant: 3,619 restricted stock units
+2 more
5 metrics
Dividend equivalent rights exercised
15.3533 units
Total dividend equivalent rights converted into common stock on August 25–26, 2026
Shares withheld for tax obligations
2,615 shares
Code F transactions delivering or withholding shares to pay tax liability
RSU grant
3,619 restricted stock units
Grant to Brian Scott Davis; each unit is a contingent right to one common share
Tax withholding price
$450.75 per share
Price for 971 shares withheld for tax obligations on August 25, 2026
Tax withholding price
$468.88 per share
Price for 1,644 shares withheld for tax obligations on August 26, 2026
Key Terms
Dividend Equivalent Rights, restricted stock units, Rule 16b-3(e)
3 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights were converted into, and paid in the form of, shares"
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 financial
"Represents the grant of restricted stock units to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3(e) regulatory
"Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e)"
FAQ
What insider transactions did WDC officer Brian Scott Davis report on this Form 4?
Brian Scott Davis reported exercises of dividend equivalent rights into common stock on August 25–26, 2026, a 3,619-share restricted stock unit grant, and withholding of 2,615 shares of common stock for tax obligations. No open-market buy or sell transactions were reported.
What equity award did Brian Scott Davis of WDC receive in this Form 4?
Brian Scott Davis received a grant of 3,619 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Western Digital common stock, according to the filing’s description of the award.
What are the dividend equivalent rights reported in WDC’s Form 4 for Brian Scott Davis?
Dividend equivalent rights totaling 15.3533 units (7.5745 and 7.7788) were converted into, and paid in the form of, Western Digital common stock on a one-for-one basis in connection with the vesting of related restricted stock units.
Were the WDC insider transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and the footnotes do not state that these insider transactions were executed pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
