Form 4: Wesco International Director Steven A. Raymund Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Steven A. Raymund reported changes in beneficial ownership of Wesco International Inc. common stock due to the acquisition of dividend equivalent rights.
Summary
- On June 28, 2024, Steven A. Raymund, a director of Wesco International Inc., reported a change in beneficial ownership.
- Raymund acquired 64.0821 shares of common stock through dividend equivalent rights (DERs) at a price of $0.
- These DERs are associated with restricted stock units (RSUs) and vest on the same schedule as the underlying award.
- Following the transaction, Raymund directly owns 32,823.2221 shares of Wesco International Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine compensation practices and insider alignment with company performance.
Positives
- The acquisition of dividend equivalent rights indicates continued investment and alignment with the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: acquisition of dividend equivalent rights. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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