[Form 4] WESTERN DIGITAL CORP Insider Trading Activity
Rhea-AI Filing Summary
Western Digital Corp. (WDC) director equity activity centers on restricted stock units and related adjustments. The reporting person received a grant of 1,585 restricted stock units of Western Digital common stock at a stated price of
Following these transactions, 1,585 shares of common stock are held directly and 37,849 shares are held indirectly through a family trust. The filing explains that 14.4258 dividend equivalent rights were converted into common stock on a one-for-one basis as related restricted stock units vested, with a small cash payment for the fractional right. It also notes an additional 1,701 stock units credited in connection with Western Digital’s February 21, 2025 spin-off, based on an equity conversion ratio of 1.452526 stock units for every outstanding stock unit.
Positive
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Negative
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FAQ
What equity award did the Western Digital (WDC) director receive in this Form 4?
The reporting person received a grant of 1,585 restricted stock units of Western Digital common stock. Each restricted stock unit represents a contingent right to receive one share of the company’s common stock.
How many Western Digital (WDC) shares does the director own after these transactions?
After the reported transactions, the director holds 1,585 shares directly and 37,849 shares indirectly through a family trust, as stated in the filing.
What happened to the dividend equivalent rights reported for Western Digital (WDC)?
The filing states that 14.4258 dividend equivalent rights were converted into, and paid in the form of, shares of Western Digital common stock on a one-for-one basis when the related restricted stock units vested, with a cash amount paid to settle the fractional right.
How is the Western Digital (WDC) spin-off reflected in the director’s holdings?
The explanation notes that the director received 1,701 additional stock units in connection with Western Digital’s February 21, 2025 spin-off, based on an equity conversion ratio of 1.452526 additional stock units for every existing stock unit.
What role does the family trust play in this Western Digital (WDC) Form 4?
The filing identifies 37,849 shares of common stock as being held indirectly by a Family Trust. It further explains that certain underlying shares issued upon vesting of restricted stock units were delivered directly into this Family Trust account.
Is the Western Digital (WDC) director classified as a 10% owner in this Form 4?
The relationship section of the filing checks the box for Director and leaves the 10% Owner box unchecked, indicating the reporting person is a director but not reported here as a 10% owner.