WESCO (NYSE: WCC) SVP granted dividend-equivalent DERs on RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International senior vice president and chief accounting officer Matthew S. Kulasa reported an automatic equity accrual tied to his existing awards. On the Form 4, he acquired 1.1430 shares of common stock through dividend equivalent rights, which mirror the company’s quarterly dividend on his restricted stock units.
Each dividend equivalent right is the economic equivalent of one share of WESCO common stock and will vest on the same schedule as the underlying restricted stock unit award. Following this grant, Kulasa directly holds 4,176.0803 shares of WESCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kulasa Matthew S
Role
SVP, Corp. Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1.143 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,176.08 shares (Direct)
Footnotes (1)
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Key Figures
Dividend equivalent rights granted: 1.1430 shares
Shares owned after transaction: 4,176.0803 shares
Transaction code: Code A (grant/award acquisition)
3 metrics
Dividend equivalent rights granted
1.1430 shares
Common stock equivalents credited on March 31, 2026
Shares owned after transaction
4,176.0803 shares
Direct ownership following Form 4 acquisition
Transaction code
Code A (grant/award acquisition)
Non-derivative common stock entry on Form 4
Key Terms
dividend equivalent rights, DERs, restricted stock units, RSUs
4 terms
dividend equivalent rights financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
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.
DERs financial
"Each DER is the economic equivalent of one share of Issuer's common stock"
restricted stock units financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by 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.
RSUs financial
"RSUs held by the Reporting Person. Each DER is the economic equivalent of one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
What insider transaction did WESCO (WCC) report for Matthew S. Kulasa?
WESCO reported that Matthew S. Kulasa acquired 1.1430 shares of common stock via dividend equivalent rights. These rights accrued on his restricted stock units in connection with WESCO’s quarterly dividend and are treated as the economic equivalent of common shares.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights in this WESCO filing are credits that match cash dividends on restricted stock units. Each DER is economically equivalent to one share of common stock and follows the same vesting schedule as the underlying restricted stock unit award held by the insider.
What role does the reporting person hold at WESCO (WCC)?
The reporting person, Matthew S. Kulasa, serves as WESCO’s senior vice president, corporate controller, and chief accounting officer. His Form 4 transaction reflects compensation-related equity accruals rather than an open-market purchase or sale of WESCO shares.
Was the WESCO (WCC) Form 4 transaction an open-market buy or sell?
No, the Form 4 transaction was not an open-market trade. It is coded as an acquisition from a grant or award, reflecting 1.1430 dividend equivalent rights tied to existing restricted stock units, rather than a discretionary purchase or sale on the stock market.