WESCO (NYSE: WCC) director receives new stock-based awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director Sundaram Nagarajan reported two stock-based awards in company shares. On March 31, he acquired 13.1427 dividend equivalent rights tied to existing restricted stock units and 28.5520 deferred share units credited under the company’s non-employee director deferred compensation plan. Following these awards, he directly holds 7,233.9607 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
NAGARAJAN SUNDARAM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13.143 | $0.00 | -- |
| Grant/Award | Common Stock | 28.552 | $273.62 | $8K |
Holdings After Transaction:
Common Stock — 7,205.409 shares (Direct)
Footnotes (1)
- Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person. Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award. Represents deferred share units ("DSUs") credited to the Reporting Person's deferred compensation account pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan"). Each DSU is the economic equivalent of one share of Issuer's common stock and is eligible for distribution in the form of Issuer's common stock based on the schedule elected by the Reporting Person in accordance with the Plan.
Key Figures
Dividend equivalent rights granted: 13.1427 shares
Deferred share units credited: 28.5520 shares
Price used for DSU crediting: $273.6200 per share
+2 more
5 metrics
Dividend equivalent rights granted
13.1427 shares
DERs accrued on RSUs as of March 31, 2026
Deferred share units credited
28.5520 shares
DSUs under non-employee director deferred compensation plan
Price used for DSU crediting
$273.6200 per share
Transaction price per share for 28.5520 DSUs
Shares held after transactions
7,233.9607 shares
Direct common stock holdings after March 31, 2026 awards
Number of acquisition transactions
2 transactions
Both coded as grant, award, or other acquisition
Key Terms
dividend equivalent rights, restricted stock units, deferred share units, Deferred Compensation Plan for Non-Employee Directors, +1 more
5 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.
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.
Deferred Compensation Plan for Non-Employee Directors financial
"credited to the Reporting Person's deferred compensation account pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors"
FAQ
What did WESCO (WCC) director Sundaram Nagarajan report in this Form 4?
He reported receiving two stock-based awards in WESCO common stock. These included 13.1427 dividend equivalent rights and 28.5520 deferred share units credited under director compensation arrangements, increasing his directly held position to 7,233.9607 shares after the transactions.
Were Sundaram Nagarajan’s WESCO (WCC) transactions open-market purchases or sales?
They were not open-market trades. Both entries are coded as grants or awards of stock-based units, reflecting compensation-related acquisitions rather than discretionary buying or selling of WESCO shares in the open market.
What are the dividend equivalent rights reported by WESCO (WCC) director Nagarajan?
The 13.1427 dividend equivalent rights represent amounts accrued on existing restricted stock units from WESCO’s quarterly dividend. Each right is economically equal to one share and vests on the same schedule as the underlying restricted stock unit award.