Form 4: Wesco International Director Bobby J. Griffin Reports Acquisition of Common Stock

Director Bobby J. Griffin reports acquiring Wesco International common stock through dividend equivalent rights and deferred share units.

Summary

• On June 28, 2024, Bobby J. Griffin, a director of Wesco International Inc., acquired common stock through dividend equivalent rights (DERs) and deferred share units (DSUs).
• 70.7833 shares were acquired through DERs, which are economically equivalent to one share of Wesco's common stock and vest on the same schedule as the underlying restricted stock units.
• 122.224 shares were acquired as DSUs under the Deferred Compensation Plan for Non-Employee Directors at a price of $158.52 per share.
• Following these transactions, Griffin beneficially owns 29,443.5298 shares of Wesco International common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions related to director compensation. The acquisitions suggest confidence, but it's not a major market-moving event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates