Form 4: Wesco International Director Laura K. Thompson Reports Acquisition and Disposal of Common Stock

Director Laura K. Thompson reports changes in beneficial ownership of Wesco International Inc. common stock due to dividend equivalent rights.

Summary

• On March 29, 2024, Laura K. Thompson, a director of Wesco International Inc., reported a transaction involving the company's common stock.
• Thompson acquired 5.4054 shares of common stock through dividend equivalent rights (DERs) at an unspecified price.
• Thompson also disposed of an unspecified amount of common stock, resulting in a total of 9,279.8903 shares beneficially owned following the reported transactions.
• The dividend equivalent rights are associated with restricted stock units (RSUs) held by Thompson and vest on the same schedule as the underlying award.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

• The acquisition of shares through dividend equivalent rights indicates a continued investment in the company by a director.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a company director.

Key Dates