Form 4: Wesco International EVP & CHRO Christine Ann Wolf Reports Stock Transactions
SEC Form 4
Christine Ann Wolf, EVP & CHRO of Wesco International, reports acquisition and disposal of company stock related to performance share awards and tax withholdings.
Summary
- On February 13, 2025, Christine Ann Wolf acquired 3,860 shares of Wesco International common stock upon settlement of performance share awards granted on February 13, 2022, under the company's long-term incentive plan.
- These performance share awards represented a contingent right to receive shares if the company achieved specified performance goals during the three-year period ended December 31, 2024.
- Also on February 13, 2025, 1,701 shares were disposed of to cover tax withholding on the settlement of these performance share awards at a price of $193.67.
- On February 16, 2025, 188 shares were disposed of to cover tax withholding on the vesting of RSUs granted February 16, 2023 at a price of $196.85.
- On February 17, 2025, 259 shares were disposed of to cover tax withholding on the vesting of RSUs granted February 17, 2022 at a price of $196.85.
- Following these transactions, Wolf directly owns 31,983.4102 shares of Wesco International common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not contain information that would significantly shift investor sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/13/2022 | Date of grant for performance share awards that settled on February 13, 2025 |
| 02/17/2022 | Date of grant for RSUs that vested on February 17, 2025 |
| 02/16/2023 | Date of grant for RSUs that vested on February 16, 2025 |
| 12/31/2024 | End of the three-year performance period for the performance share awards |
| 02/13/2025 | Acquisition of 3,860 shares upon settlement of performance share awards and disposal of 1,701 shares for tax withholding |
| 02/16/2025 | Disposal of 188 shares for tax withholding on vesting of RSUs |
| 02/17/2025 | Disposal of 259 shares for tax withholding on vesting of RSUs |
| 02/18/2025 | Date of signature for the Form 4 filing |
Keywords
Wesco International, Christine Ann Wolf, Form 4, Stock Transactions, Performance Share Awards, RSUs, Tax Withholding, Beneficial Ownership
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