STOCK TITAN

Western Digital insider updates holdings after vesting, tax withholding

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Western Digital (WDC) insider filing: Chief Legal Officer & Corp Sec Cynthia Tregillis reported transactions on 10/20/2025. Dividend equivalent rights vested and converted into 8 shares of common stock at $0.00, with a fractional amount settled in cash. To cover taxes related to vesting, 1,307 shares were withheld at a price of $121.53 (Code F under Rule 16b-3(e)). Following these transactions, she reported 149,575 shares beneficially owned directly.

Positive

  • None.

Negative

  • None.
Insider Tregillis Cynthia L
Role Chief Legal Officer & Corp Sec
Type Security Shares Price Value
Exercise Dividend Equivalent Rights 8.759 $0.00 --
Exercise Common Stock 8 $0.00 --
Tax Withholding Common Stock 1,307 $121.53 $159K
Holdings After Transaction: Dividend Equivalent Rights — 291.303 shares (Direct); Common Stock — 150,882 shares (Direct)
Footnotes (1)
  1. 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. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
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*
Tregillis Cynthia L

(Last) (First) (Middle)
C/O WESTERN DIGITAL CORPORATION
5601 GREAT OAKS PARKWAY

(Street)
SAN JOSE CA 95119

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WESTERN DIGITAL CORP [ WDC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer & Corp Sec
3. Date of Earliest Transaction (Month/Day/Year)
10/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
Common Stock 10/20/2025 M 8(1) A $0.0 150,882 D
Common Stock 10/20/2025 F 1,307(2) D $121.53 149,575 D
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) 10/20/2025 M 8.7586 (1) (1) Common Stock 8.7586 $0.0 291.303 D
Explanation of Responses:
1. 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.
2. Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
By: /s/ Sandra Garcia Attorney-in-Fact For: Cynthia Tregillis 10/21/2025
** 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.

FAQ

What did WDC’s insider report on this Form 4?

Cynthia Tregillis reported the conversion of dividend equivalent rights into 8 common shares at $0.00 and a tax withholding of 1,307 shares at $121.53 on 10/20/2025.

How many WDC shares does the reporting person now hold?

After the reported transactions, she beneficially owns 149,575 common shares directly.

What does the Form 4 transaction code F indicate here?

Code F indicates shares were withheld to satisfy tax obligations related to vesting, per Rule 16b-3(e).

What were the details of the share acquisition from dividend equivalent rights?

Dividend equivalent rights converted into 8 common shares at $0.00, with a fractional right paid in cash upon vesting.

Were any derivative securities mentioned in the filing?

Yes. The filing lists Dividend Equivalent Rights; 291.303 remain beneficially owned following the transactions.

What is the transaction date on the WDC Form 4?

The earliest transaction date reported is 10/20/2025.