WESCO (NYSE: WCC) EVP gains 2.8984 dividend-equivalent shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International EVP Hemant Porwal acquired additional stock-based compensation through dividend equivalents. On March 31, 2026, he received 2.8984 shares of common stock as dividend equivalent rights tied to restricted stock units. Following this routine award, he directly holds 19,388.0999 shares of WESCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Porwal Hemant
Role
EVP Supply Chain & Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.898 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,388.1 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired: 2.8984 shares
Shares held after: 19,388.0999 shares
Acquire transactions: 1 transaction
3 metrics
Shares acquired
2.8984 shares
Dividend equivalent rights credited on March 31, 2026
Shares held after
19,388.0999 shares
Direct WESCO common stock holdings after the transaction
Acquire transactions
1 transaction
Form 4 summary shows one acquisition and no sales
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
"Each DER ... vests on the same schedule as the underlying award"
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 did WESCO (WCC) executive Hemant Porwal report in this Form 4?
Hemant Porwal reported acquiring 2.8984 shares of WESCO common stock as dividend equivalent rights. These were credited in connection with quarterly dividends on his restricted stock units and are economically equivalent to common shares under the same vesting schedule.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4?
Dividend equivalent rights are credits that mirror cash dividends on restricted stock units. Each DER is economically equivalent to one share of WESCO common stock and vests on the same schedule as the underlying restricted stock unit award held by the reporting executive.
Was the WESCO (WCC) Form 4 transaction a market purchase or sale?
The Form 4 shows no market purchase or sale of WESCO shares. Instead, it records a grant of 2.8984 dividend equivalent rights, classified as a compensation-related acquisition rather than an open-market trade in the company’s common stock.
What does transaction code "A" mean in this WESCO (WCC) Form 4?
Transaction code “A” indicates a grant, award, or other acquisition of securities. In this filing, it represents the credited 2.8984 dividend equivalent rights on restricted stock units, rather than a cash-funded stock purchase in the open market.