WESCO (WCC) director Glynnis Bryan gains dividend-equivalent share award on RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director Glynnis Bryan acquired 7.5138 shares of Common Stock on a grant/award basis linked to dividend equivalent rights. Following this award, Bryan directly holds a total of 4,119.4103 shares of WESCO common stock.
The footnote explains that these 7.5138 shares represent dividend equivalent rights credited on restricted stock units in connection with WESCO’s quarterly dividend. Each right is economically equal to one common share and will vest on the same schedule as the underlying restricted stock unit award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BRYAN GLYNIS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7.514 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,119.41 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired: 7.5138 shares
Holdings after transaction: 4,119.4103 shares
Transaction price: $0.0000 per share
3 metrics
Shares acquired
7.5138 shares
Dividend equivalent rights grant on Common Stock
Holdings after transaction
4,119.4103 shares
Total direct WESCO common stock held by director
Transaction price
$0.0000 per share
Grant/award acquisition, not open-market trade
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 Glynnis Bryan report on this Form 4?
Director Glynnis Bryan reported acquiring 7.5138 shares of WESCO common stock through a grant tied to dividend equivalent rights. These rights accrued on her restricted stock units and are treated as the economic equivalent of common shares, vesting with the underlying awards.
What are dividend equivalent rights (DERs) in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights represent amounts credited in connection with the issuer’s quarterly dividend on restricted stock units. In this case, each DER is economically equivalent to one WESCO common share and will vest on the same schedule as the related restricted stock unit award held by the director.
Was the WESCO (WCC) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant or award acquisition, not a market trade. The 7.5138 shares reported were credited as dividend equivalent rights on existing restricted stock units, with a price per share of 0.0000, indicating compensation-related accrual rather than an open-market buy or sell.