Dividend rights granted to Western Digital (WDC) director Matthew Massengill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Digital director Matthew E. Massengill reported a routine compensation-related award of dividend equivalent rights. On this Form 4, he acquired 11.8849 dividend equivalent rights linked to previously granted restricted stock units. Following this grant, he holds a total of 104.7371 dividend equivalent rights, each tied to Western Digital common stock or its cash value as the underlying RSUs vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MASSENGILL MATTHEW E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 11.885 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 104.737 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Western Digital (WDC) report for Matthew E. Massengill?
Western Digital director Matthew E. Massengill received a grant of dividend equivalent rights. He was awarded 11.8849 dividend equivalent rights tied to previously granted restricted stock units, increasing his total holdings of these derivative rights to 104.7371, all linked to Western Digital common stock or its cash value.
What are the dividend equivalent rights reported for Western Digital (WDC)?
The dividend equivalent rights represent compensation linked to restricted stock units. Each right accrues on earlier RSU awards and represents a contingent right to receive one share of Western Digital common stock, or its cash value, vesting proportionately with the underlying RSUs over time.
How many dividend equivalent rights did the Western Digital (WDC) director acquire?
Director Matthew E. Massengill acquired 11.8849 dividend equivalent rights. These rights accrued on previously awarded restricted stock units and reflect additional derivative-based compensation, rather than an open-market stock purchase or sale, aligning with the vesting schedule of his existing RSU grants.
What is Matthew E. Massengill’s total holding of dividend equivalent rights in Western Digital (WDC)?
After the reported grant, Massengill holds 104.7371 dividend equivalent rights. This total reflects the cumulative derivative rights associated with his prior restricted stock unit awards, each representing a potential share of Western Digital common stock or equivalent cash value as those RSUs vest.
Does the Western Digital (WDC) Form 4 show an open-market stock trade?
No, the Form 4 shows a compensation-related award, not an open-market trade. The transaction is coded as a grant or other acquisition of dividend equivalent rights accruing on existing restricted stock units, with no indicated purchase or sale of common shares in the open market.