Form 4: Wesco International Director Matthew Espe Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Director Matthew Espe reports acquisition of common stock through dividend equivalent rights and disposal of common stock.
Summary
- On June 28, 2024, Matthew Espe, a director of Wesco International Inc., acquired 26.7292 shares of common stock through dividend equivalent rights (DERs).
- On the same day, Mr. Espe disposed of common stock.
- Following these transactions, Mr. Espe beneficially owns 19,535.5594 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 document is a standard regulatory filing reporting stock transactions by a company director.
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 transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: acquisition of common stock through dividend equivalent rights and disposal of common stock. |
| 07/02/2024 | Date of signature by Attorney-in-Fact. |
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