WESCO (WCC) CEO John Engel gains dividend-equivalent share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International Chairman, President & CEO John Engel acquired additional common stock through a compensation-related award. He received 38.6566 shares as dividend equivalent rights tied to restricted stock units, with each right economically equal to one share of common stock. Following this award, he directly holds 478,945.7405 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ENGEL JOHN
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 38.657 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 478,945.741 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired via DERs: 38.6566 shares
Post-transaction holdings: 478,945.7405 shares
Transaction price per share: $0.0000 per share
3 metrics
Shares acquired via DERs
38.6566 shares
Dividend equivalent rights credited on RSUs as of 2026-03-31
Post-transaction holdings
478,945.7405 shares
Common stock directly held after Form 4 transaction
Transaction price per share
$0.0000 per share
Grant of dividend equivalent rights on common stock
Key Terms
dividend equivalent rights, restricted stock units, economic equivalent, vests on the same schedule
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.
economic equivalent financial
"Each DER is the economic equivalent of one share of Issuer's common stock"
vests on the same schedule financial
"and vests on the same schedule as the underlying award"
FAQ
What insider transaction did WESCO (WCC) CEO John Engel report?
John Engel reported acquiring 38.6566 shares of WESCO common stock. These came as dividend equivalent rights credited on his restricted stock units, reflecting the company’s quarterly dividend and matching the economic value of regular shares.
What are dividend equivalent rights in the WESCO (WCC) Form 4 filing?
Dividend equivalent rights are awards that mirror cash dividends on underlying restricted stock units. For WESCO, each right is economically equal to one common share and vests on the same schedule as the related restricted stock unit grant.
Was the WESCO (WCC) CEO’s Form 4 transaction an open-market purchase?
No, the transaction was not an open-market purchase. It was a grant classified as an acquisition of 38.6566 shares through dividend equivalent rights tied to existing restricted stock units, recorded at a price of $0.0000 per share.
How do the WESCO (WCC) dividend equivalent rights vest for John Engel?
The dividend equivalent rights vest on the same schedule as the underlying restricted stock units. This means Engel’s 38.6566 awarded rights follow the original RSU vesting terms rather than vesting immediately upon crediting.