Form 4: Wesco International Director Bobby J. Griffin Reports Changes in Beneficial Ownership

Director Bobby J. Griffin reports acquisition of common stock and derivative securities in Wesco International Inc. through dividend equivalent rights and deferred share units.

Summary

• On March 29, 2024, Bobby J. Griffin, a director of Wesco International Inc., reported changes in beneficial ownership of the company's common stock.
• Griffin acquired 65.0809 shares of common stock through dividend equivalent rights (DERs) at a price of $0.
• Additionally, 113.119 deferred share units (DSUs) were credited to Griffin's deferred compensation account at a price of $171.28 per share.
• Following these transactions, Griffin beneficially owns 29,250.5225 shares of Wesco International Inc. common stock.
• The DERs are economically equivalent to one share of Wesco's common stock and vest on the same schedule as the underlying restricted stock units.
• The DSUs are also economically equivalent to one share of Wesco's common stock and are eligible for distribution based on a schedule elected by Griffin.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions reflect standard compensation practices and alignment of the director's interests with the company. There are no indications of negative sentiment or concerns.

Positives

• The acquisition of shares through DERs and DSUs indicates continued alignment of the director's interests with the company's performance.
• The director's participation in the Deferred Compensation Plan for Non-Employee Directors shows a long-term commitment to the company.

Future Outlook

The report does not contain any specific forward-looking statements regarding the company's future performance.

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 alignment with shareholder interests.

Comparison to Industry Standards

• Insider transactions are a common occurrence in publicly traded companies like Wesco International Inc.
• Companies such as Anixter International (acquired by Wesco) and Graybar Electric also have similar insider transaction reporting requirements.
• The use of DERs and DSUs is a standard practice in executive compensation packages to align management's interests with long-term shareholder value.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning the director's interests with the company's performance.
• The transactions have no direct impact on employees, customers, suppliers, or creditors.

Key Dates