Form 4: Wesco International EVP & CFO David S. Schulz Reports Acquisition of Dividend Equivalent Rights

David S. Schulz, EVP & CFO of Wesco International, reports the acquisition of dividend equivalent rights related to restricted stock units.

Summary

• On March 29, 2024, David S. Schulz, the EVP & CFO of Wesco International, acquired 16.424 dividend equivalent rights (DERs) related to his restricted stock units (RSUs).
• These DERs are economically equivalent to shares of Wesco International's common stock and vest on the same schedule as the underlying RSUs.
• Following this transaction, Schulz directly owns 104,436.1211 shares of Wesco International common stock and 1,771 shares of Series A Preferred Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of dividend equivalent rights suggests continued alignment of the executive's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive's continued holding of company stock and related rights.

Stakeholder Impact

• The transaction has a minor positive impact on stakeholders as it shows the executive's continued investment in the company's success.

Key Dates