Form 4: Wesco International Executive Akash Khurana Reports Stock Transactions
SEC Form 4 Filing
Akash Khurana, EVP, Chief Info & Digital Off. of Wesco International, reports acquisition and disposal of common stock related to performance share awards and RSU vesting.
Summary
- On February 13, 2025, Akash Khurana acquired 4,173 shares of Wesco International common stock upon settlement of a performance share award granted on February 17, 2022, under the company's long-term incentive plan.
- Also on February 13, 2025, 1,664 shares were disposed of to cover tax withholding related to the settlement of these performance share awards at a price of $193.67.
- On February 16, 2025, 213 shares were disposed of to cover tax withholding on the vesting of RSUs granted on February 16, 2023, at a price of $196.85.
- On February 17, 2025, 2,247 shares were disposed of to cover tax withholding on the vesting of RSUs granted on February 17, 2022, at a price of $196.85.
- Following these transactions, Khurana directly owns 39,276.1712 shares of Wesco International common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation. It is neutral in sentiment as it simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Date of performance share award grant under the Issuer's long-term incentive plan. |
| 02/16/2023 | Date of RSU grant. |
| 12/31/2024 | End of the three-year performance period for the performance share award. |
| 02/13/2025 | Date of common stock acquisition upon settlement of performance share award and tax withholding. |
| 02/16/2025 | Date of tax withholding on vesting of RSUs. |
| 02/17/2025 | Date of tax withholding on vesting of RSUs. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Wesco International, Akash Khurana, Form 4, Stock Transactions, Performance Share Award, RSU Vesting, Beneficial Ownership, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.