Western Digital (WDC) SVP awarded dividend equivalent rights grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Feller Brad reported acquisition or exercise transactions in this Form 4 filing.
Western Digital senior vice president and chief accounting officer Brad Feller received a grant of 4.065 dividend equivalent rights tied to previously awarded restricted stock units. Each right represents a contingent right to receive one share of common stock or its cash value, vesting in step with the related RSUs. Following this grant, he holds a total of 11.1408 dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Feller Brad
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 4.065 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 11.141 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did Western Digital (WDC) report in Brad Feller’s latest Form 4?
Western Digital reported that SVP and chief accounting officer Brad Feller received 4.065 dividend equivalent rights. These are tied to earlier restricted stock units and increase his total dividend equivalent rights position to 11.1408 after the transaction.
What are dividend equivalent rights in Western Digital’s Form 4 for WDC?
Dividend equivalent rights give the holder a contingent right to receive one share of Western Digital common stock, or its cash value. In this filing, they accrued on previously granted RSUs and will vest proportionately with those underlying RSUs over time.
How many dividend equivalent rights does Brad Feller hold after this WDC filing?
After this grant, Brad Feller holds 11.1408 dividend equivalent rights. The filing shows he was awarded 4.065 new rights, which are linked to existing RSUs and will vest on the same schedule as those underlying restricted stock units.
Is Brad Feller’s Form 4 transaction a purchase or a grant for Western Digital (WDC)?
The transaction is a grant, not a market purchase. The Form 4 classifies it as a grant or award acquisition of dividend equivalent rights that accrued automatically on previously awarded RSUs rather than an open-market buy or sell of Western Digital stock.
How do the dividend equivalent rights in this Western Digital Form 4 vest?
The dividend equivalent rights vest proportionately with the restricted stock units to which they relate. As each portion of the original RSUs vests, a corresponding portion of these rights converts into either Western Digital common shares or an equivalent cash payment.