Form 4: Wesco International CEO John Engel Reports Stock Transactions
SEC Form 4 Filing
John Engel, Chairman, President, and CEO of Wesco International, reports acquisition and disposal of common stock due to dividend equivalent rights.
Summary
- On December 31, 2024, John Engel, the Chairman, President, and CEO of Wesco International Inc., reported transactions involving the company's common stock.
- Engel acquired 58.6509 shares of common stock due to dividend equivalent rights (DERs) at a price of $0.
- Engel disposed of 452,101.633 shares of common stock.
- Following these transactions, Engel still beneficially owns a certain amount of Wesco International Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of key executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of stock acquisition and disposal. |
| 01/03/2025 | Date of signature for the report. |
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