Form 4: Wesco International EVP & CFO David S. Schulz Reports Stock Transactions
SEC Form 4
David S. Schulz, EVP & CFO of Wesco International, reports acquisition and disposal of common stock due to performance share award settlement and tax withholdings.
Summary
- David S. Schulz, the EVP & CFO of Wesco International, filed a Form 4 detailing changes in beneficial ownership.
- On February 13, 2025, Schulz acquired 7,721 shares of common stock upon settlement of a performance share award granted on February 17, 2022.
- Also on February 13, 2025, 3,373 shares were disposed of to cover tax withholdings related to the performance share award settlement at a price of $193.67.
- An additional 428 and 561 shares were disposed of on February 16 and 17, 2025, respectively, to cover tax withholdings on vesting RSUs at a price of $196.85.
- Following these transactions, Schulz directly owns 107,844.6978 shares of common stock and 1,771 shares of Series A Preferred Stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of 7,721 shares indicates that Wesco International likely met the performance goals associated with the performance share award granted on February 17, 2022.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and equity awards.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's overall financial health.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Date of grant for the performance share award. |
| February 16, 2023 | Date of grant for RSUs that vested. |
| December 31, 2024 | End of the three-year performance period for the performance share award. |
| February 13, 2025 | Date of common stock acquisition and tax withholding. |
| February 16, 2025 | Date of tax withholding on vesting RSUs. |
| February 17, 2025 | Date of tax withholding on vesting RSUs. |
| February 18, 2025 | Date of signature on the Form 4 filing. |
Keywords
Wesco International, David S. Schulz, Form 4, Beneficial Ownership, Stock Transactions, Performance Share Award, RSUs, Tax Withholding
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