WESCO (NYSE: WCC) director granted DERs and deferred share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESCO International director Bobby J. Griffin reported stock-based compensation awards rather than open-market trades. On March 31, 2026, he acquired 52.7421 dividend equivalent rights tied to restricted stock units and 70.8100 deferred share units at $273.62 per unit. After these grants, he directly holds 32,254.4845 shares of WESCO common stock, reflecting routine director compensation under the company’s equity and deferred compensation programs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GRIFFIN BOBBY J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 52.742 | $0.00 | -- |
| Grant/Award | Common Stock | 70.81 | $273.62 | $19K |
Holdings After Transaction:
Common Stock — 32,183.675 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: 52.7421 units
Deferred share units granted: 70.8100 units
Grant price for DSUs: $273.62 per unit
+1 more
4 metrics
Dividend equivalent rights granted
52.7421 units
DERs on RSUs credited on March 31, 2026
Deferred share units granted
70.8100 units
DSUs credited at $273.62 per unit on March 31, 2026
Grant price for DSUs
$273.62 per unit
Price used for deferred share units credited March 31, 2026
Shares owned after transactions
32,254.4845 shares
Direct WESCO common stock holdings following March 31, 2026 awards
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 Bobby J. Griffin report in this Form 4?
Bobby J. Griffin reported receiving stock-based compensation awards, not market trades. He acquired 52.7421 dividend equivalent rights and 70.8100 deferred share units tied to WESCO common stock as part of director compensation programs.
Were Bobby J. Griffin’s WESCO (WCC) Form 4 transactions open-market purchases?
No, the transactions were compensation-related awards, not open-market buys. They are coded as grants, including dividend equivalent rights on restricted stock units and deferred share units under WESCO’s non-employee director deferred compensation plan.
What are dividend equivalent rights (DERs) in WESCO’s Form 4 for Bobby J. Griffin?
Dividend equivalent rights are credits tied to restricted stock units that mirror WESCO’s dividends. Each DER equals one share economically and vests on the same schedule as the underlying restricted stock unit award held by the director.