WESCO (WCC) director receives deferred stock units and DERs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director Easwaran Sundaram reported stock-based awards rather than open-market trades. On March 31, 2026, he acquired 26.3286 dividend equivalent rights (DERs) tied to previously granted restricted stock units and 114.2090 deferred share units (DSUs) under WESCO’s Deferred Compensation Plan for Non-Employee Directors.
Each DER and DSU is economically equivalent to one share of WESCO common stock, with DSUs deliverable in stock according to his deferred payout election. Following these awards, his directly held common stock equivalents total 14,548.6453 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sundaram Easwaran
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26.329 | $0.00 | -- |
| Grant/Award | Common Stock | 114.209 | $273.62 | $31K |
Holdings After Transaction:
Common Stock — 14,434.436 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: 26.3286 DERs
Deferred share units granted: 114.2090 DSUs
Award pricing for DSUs: $273.6200 per unit
+1 more
4 metrics
Dividend equivalent rights granted
26.3286 DERs
DERs on RSUs credited March 31, 2026
Deferred share units granted
114.2090 DSUs
DSUs under Deferred Compensation Plan March 31, 2026
Award pricing for DSUs
$273.6200 per unit
Price used to credit DSUs on March 31, 2026
Total direct common stock equivalents after awards
14,548.6453 shares
Holdings following reported Form 4 transactions
Key Terms
dividend equivalent rights, restricted stock units, deferred share units, Deferred Compensation Plan for Non-Employee Directors
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.
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
"pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan")"
FAQ
What did WESCO (WCC) director Easwaran Sundaram report in this Form 4?
He reported receiving stock-based compensation awards, not market trades. On March 31, 2026, he acquired 26.3286 dividend equivalent rights and 114.2090 deferred share units, all tied to WESCO common stock, increasing his directly held stock equivalents to 14,548.6453 shares.
Were these WESCO (WCC) Form 4 transactions open-market stock purchases or sales?
They were not open-market purchases or sales. Both entries are coded as awards (code A), reflecting dividend equivalent rights and deferred share units granted as director compensation rather than discretionary buying or selling of WESCO common stock in the market.
What are dividend equivalent rights (DERs) in WESCO (WCC) director compensation?
Dividend equivalent rights mirror cash dividends on underlying restricted stock units. For Sundaram, 26.3286 DERs accrued on his existing RSUs when WESCO paid a quarterly dividend, with each DER economically equivalent to one share and vesting on the same schedule as the related RSU award.
How many WESCO (WCC) common stock equivalents does the director hold after these awards?
After the March 31, 2026 awards, Sundaram’s directly held common stock equivalents total 14,548.6453 shares. This reflects the updated balance after crediting 26.3286 dividend equivalent rights and 114.2090 deferred share units described in the reported Form 4 transactions.