Form 4: Wesco International Director James Louis Singleton Reports Changes in Beneficial Ownership

Director James Louis Singleton reports changes in beneficial ownership of Wesco International Inc. common stock due to dividend equivalent rights.

Summary

• On September 30, 2024, James Louis Singleton, a director of Wesco International Inc., reported changes in beneficial ownership of the company's common stock.
• The changes involve the acquisition of 42.5799 shares of common stock due to dividend equivalent rights (DERs) and the disposal of shares.
• Following the reported transaction, Singleton beneficially owns 39,212.7243 shares of Wesco International Inc. common stock.
• These DERs are associated with restricted stock units (RSUs) held by Singleton and vest on the same schedule as the underlying award.
• Each DER is economically equivalent to one share of Wesco's common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings of company directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.
• It assures stakeholders that directors' interests are aligned with those of the shareholders through equity ownership.

Key Dates