Form 4: Wesco International EVP & CFO David S. Schulz Reports Changes in Beneficial Ownership

David S. Schulz, EVP & CFO of Wesco International, reports transactions involving common stock, Series A Preferred Stock and stock options, including tax withholding on vested restricted stock units and a grant of additional RSUs.

Summary

• On March 1, 2025, David S. Schulz, EVP & CFO of Wesco International, reported changes in his beneficial ownership of the company's securities.
• These changes include the disposition of 523 shares of common stock to cover tax withholding on the vesting of restricted stock units (RSUs) at a price of $180.47 per share.
• Schulz also acquired 3,020 shares of common stock through a grant of RSUs, with each RSU representing a contingent right to acquire one share of Wesco's common stock.
• The RSUs vest in three equal installments beginning on the first anniversary of the grant date.
• Additionally, Schulz acquired 7,116 stock options with an exercise price of $180.47, which become exercisable in three equal annual installments beginning on the first anniversary of the grant date.
• Following these transactions, Schulz beneficially owns 110,341.6978 shares of common stock, 1,771 shares of Series A Preferred Stock, and 7,116 stock options.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and insider alignment with shareholder interests through equity ownership. There are no red flags or concerning transactions.

Positives

• The grant of RSUs and stock options to the EVP & CFO suggests continued alignment of management's interests with those of shareholders.
• The vesting schedule of the RSUs and stock options promotes long-term commitment from the executive.

Future Outlook

The RSUs vest in three equal installments beginning on the first anniversary of the grant date, and the stock options become exercisable in three equal annual installments beginning on the first anniversary of the grant date, indicating a multi-year incentive structure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.

Comparison to Industry Standards

• Wesco International is a leading distributor of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services.
• Comparable companies include Rexel, Graybar Electric, and Anixter International (now part of WESCO).
• Executive compensation packages, including stock options and RSUs, are standard practice in publicly traded companies to incentivize performance and retain key personnel.
• The vesting schedules and exercise prices are generally aligned with industry norms to ensure long-term value creation.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning management's interests with the company's long-term performance.
• Employees may view the executive's equity ownership as a sign of confidence in the company's future.

Key Dates