WESCO (WCC) director adds dividend-equivalent share units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Singleton James Louis reported acquisition or exercise transactions in this Form 4 filing.
WESCO International director James Louis Singleton received 35.2215 common stock-equivalent units as a stock-based dividend award. These are dividend equivalent rights tied to restricted stock units he already holds, with each right economically equal to one WESCO common share and vesting on the same schedule as the underlying RSUs. Following this award, he directly holds a total of 39,644.8209 common stock or equivalent units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Singleton James Louis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 35.222 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 39,644.821 shares (Direct)
Footnotes (1)
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Key Figures
Dividend equivalent rights granted: 35.2215 share equivalents
Holdings after transaction: 39,644.8209 shares/equivalents
2 metrics
Dividend equivalent rights granted
35.2215 share equivalents
Awarded on 2026-03-31 as stock-based dividend accrual
Holdings after transaction
39,644.8209 shares/equivalents
Direct ownership following the DER award
Key Terms
dividend equivalent rights ("DERs"), restricted stock units ("RSUs"), economic equivalent of one share
3 terms
dividend equivalent rights ("DERs") financial
"Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend"
restricted stock units ("RSUs") financial
"accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
FAQ
What did WESCO (WCC) director James Louis Singleton report on this Form 4?
James Louis Singleton reported receiving 35.2215 dividend equivalent rights, economically equal to WESCO common shares. These arose from the company’s quarterly dividend and accrued on restricted stock units he already holds, increasing his directly held share-equivalent position.
Are the reported WESCO (WCC) Form 4 transactions a market purchase or sale?
The Form 4 shows no market purchase or sale. Singleton received a grant of dividend equivalent rights as compensation linked to existing restricted stock units, so this is a non-cash, stock-based award rather than an open-market trade in WESCO shares.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights are instruments that mirror dividends on underlying awards. In this case each DER is economically equal to one WESCO common share and accrues on restricted stock units, vesting on the same schedule as the related RSU grant held by the director.
Do the WESCO (WCC) dividend equivalent rights vest immediately for James Louis Singleton?
The dividend equivalent rights do not vest immediately. They vest on the same schedule as the underlying restricted stock units on which they accrued, meaning their vesting depends entirely on the vesting timetable and conditions of the related RSU awards already granted.