Form 4: Wesco International EVP Diane Lazzaris Reports Stock Transactions
SEC Form 4
Diane Lazzaris, EVP and General Counsel of Wesco International, reports the acquisition and disposal of company stock related to performance share awards and tax withholdings.
Summary
- Diane Lazzaris, an EVP and General Counsel at Wesco International Inc., filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
- On February 13, 2025, Lazzaris acquired 3,860 shares of common stock at $0, resulting from the settlement of a performance share award granted on February 17, 2022.
- Also on February 13, 2025, 1,701 shares were disposed of at $193.67 per share for tax withholding related to the settlement of the performance share awards.
- On February 16, 2025, 214 shares were disposed of at $196.85 per share for tax withholding on the vesting of RSUs granted on February 16, 2023.
- On February 17, 2025, 282 shares were disposed of at $196.85 per share for tax withholding on the vesting of RSUs granted on February 17, 2022.
- Following these transactions, Lazzaris beneficially owns 54,600.6993 shares of Wesco International Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation and tax obligations.
Positives
- The acquisition of 3,860 shares indicates the vesting of performance share awards, suggesting the company met certain performance goals.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the buying and selling activities of company executives and directors. This filing indicates the vesting of previously granted equity awards and the associated tax implications.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the normal course of executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Date of grant for performance share awards and RSUs. |
| February 16, 2023 | Date of grant for RSUs. |
| December 31, 2024 | End of the three-year performance period for the performance share awards. |
| February 13, 2025 | Acquisition of 3,860 shares and disposal of 1,701 shares for tax withholding. |
| February 16, 2025 | Disposal of 214 shares for tax withholding. |
| February 17, 2025 | Disposal of 282 shares for tax withholding. |
| February 18, 2025 | Date of signature for the Form 4 filing. |
Keywords
Wesco International, Diane Lazzaris, Form 4, Stock Transactions, Beneficial Ownership, Performance Share Awards, RSUs, Tax Withholding
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