WDC Marketing Chief Holds Over 131K Shares After Tax-Related Sale
Rhea-AI Filing Summary
Western Digital Corp (WDC) Chief Sales & Marketing Officer Brian Scott Davis reported multiple transactions on June 20, 2025:
- Acquired 28 shares through the conversion of dividend equivalent rights at $0.00 per share
- Disposed of 7,466 shares at $59.29 per share for tax withholding related to restricted stock unit vesting
- Following these transactions, Davis directly owns 131,319 shares of common stock
- Additionally holds 148.47 dividend equivalent rights
The transactions were executed in accordance with Rule 16b-3(e) for tax obligation payment through security withholding. The dividend equivalent rights were converted on a one-for-one basis in connection with restricted stock unit vesting, with fractional rights settled in cash.
Positive
- Chief Sales & Marketing Officer Brian Davis maintains significant skin in the game with 131,319 shares held directly after the reported transactions
- The stock price of $59.29 used for tax withholding suggests a relatively strong stock performance
Negative
- Insider disposed of 7,466 shares through tax withholding, though this was not a direct market sale
- The transaction was primarily related to RSU vesting and tax obligations rather than new stock purchases by the executive
Insider Trade Summary
Net Seller: 7,438 shares
Net Sell
3 txns
Insider
Davis Brian Scott
Role
Chief Sales & Mrktg Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 28.2277 | $0.00 | $0.00 |
| Exercise | Common Stock | 28 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,466 | $59.29 | $443K |
Holdings After Transaction:
Dividend Equivalent Rights — 148.47 shares (Direct);
Common Stock — 131,319 shares (Direct)
Footnotes (2)
- 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).
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider trading activity occurred at WDC on June 20, 2025?
Brian Scott Davis, WDC's Chief Sales & Marketing Officer, acquired 28 shares through dividend equivalent rights conversion and disposed of 7,466 shares at $59.29 per share for tax withholding purposes related to the vesting of restricted stock units.
What dividend equivalent rights transaction occurred for WDC's insider?
On June 20, 2025, approximately 28.23 dividend equivalent rights were converted into WDC common stock on a one-for-one basis, coinciding with the vesting of restricted stock units. A cash payment was made to settle a fractional dividend equivalent right.