Form 4: Wesco International Director Anne M. Cooney Reports Changes in Beneficial Ownership
SEC Form 4
Director Anne M. Cooney reports acquisition and disposal of Wesco International common stock due to dividend equivalent rights.
Summary
- On June 28, 2024, Anne M. Cooney, a director of Wesco International Inc., reported changes in beneficial ownership of the company's common stock.
- Cooney acquired 7.7397 shares of common stock through dividend equivalent rights (DERs) at a price of $0.
- She also disposed of 4,374.0416 shares of common stock.
- Following these transactions, Cooney beneficially owns 4,374.0416 shares of Wesco International Inc.
- The dividend equivalent rights are associated with restricted stock units (RSUs) and vest on the same schedule as the underlying award.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to dividend equivalent rights and does not indicate any significant positive or negative developments for the company.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company director, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: acquisition of dividend equivalent rights and disposal of common stock. |
| 07/02/2024 | Date of signature for the report. |
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