Form 4: WESCO International EVP & CFO David S. Schulz Executes Stock Transactions

David S. Schulz, EVP & CFO of WESCO International, engaged in multiple stock transactions including the exercise of stock appreciation rights and the sale of common stock.

Summary

• David S. Schulz, the EVP & CFO of WESCO International, executed several transactions involving the company's stock.
• On November 8, 2024, Schulz exercised stock appreciation rights for 38,045 shares at a price of $62.80 per share.
• Also on November 8, 2024, he disposed of 11,611 shares of common stock at $205.78 per share and another 11,496 shares at the same price to cover tax obligations.
• On November 12, 2024, Schulz sold 14,673 shares at a weighted average price of $206.54 and 265 shares at a weighted average price of $207.11.
• Following these transactions, Schulz directly owns 104,470.7404 shares of common stock and 1,771 shares of Series A Preferred Stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the transactions of key personnel.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies, and this filing is consistent with standard practices for reporting such activities.
• The sale of shares by an executive is not unusual and can be for various reasons, including personal financial planning or diversification.
• The exercise of stock appreciation rights is a typical form of executive compensation, and the subsequent sale of shares is a common outcome.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
• The transactions are part of the executive's compensation and do not directly impact employees, customers, or suppliers.

Key Dates

Keywords

WESCO International, David S. Schulz, stock transactions, stock appreciation rights, common stock, insider trading, SEC Form 4, executive compensation