WESCO (WCC) EVP Khurana receives 34.8 dividend equivalent rights tied to RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International EVP and Chief Information & Digital Officer Akash Khurana reported an equity compensation-related acquisition of common stock-linked units. On March 31, 2026, he received 34.7848 dividend equivalent rights, which are tied to his existing restricted stock units and mirror the value of one common share each.
These dividend equivalent rights accrue when WESCO pays its regular quarterly dividend and vest on the same schedule as the underlying restricted stock unit awards. Following this grant, Khurana directly holds 34,775.1002 common shares, reflecting his ongoing equity-based compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Khurana Akash
Role
EVP, Chief Info & Digital Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34.785 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 34,775.1 shares (Direct)
Footnotes (1)
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Key Figures
Dividend equivalent rights granted: 34.7848 DERs
Shares held after transaction: 34,775.1002 shares
Grant price: $0.0000 per share
3 metrics
Dividend equivalent rights granted
34.7848 DERs
Grant tied to RSUs on March 31, 2026
Shares held after transaction
34,775.1002 shares
Common stock directly owned after Form 4 transaction
Grant price
$0.0000 per share
Non-cash equity compensation grant of DERs
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
"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 Akash Khurana report in this Form 4?
Akash Khurana reported receiving 34.7848 dividend equivalent rights, tied to his restricted stock units. Each right is economically equal to one WESCO common share and vests on the same schedule as the underlying RSU awards.
Are the recent WESCO (WCC) insider transactions open-market buys or sells?
The reported transaction is not an open-market buy or sell. It is a grant of dividend equivalent rights connected to existing restricted stock units, reflecting routine equity compensation rather than a discretionary stock trade in the market.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights are units that mirror dividends on restricted stock units. Each DER equals the economic value of one WESCO common share and vests on the same schedule as the related RSU, effectively tracking dividend payments on unvested awards.
Why did WESCO (WCC) grant 34.7848 dividend equivalent rights to its executive?
The 34.7848 dividend equivalent rights accrued in connection with WESCO’s quarterly dividend on restricted stock units held by the executive. These rights ensure unvested RSUs receive dividend-equivalent value, aligning compensation with shareholder returns over the vesting period.