Form 4: Wesco International Executive James Cameron Reports Stock Transactions
SEC Form 4 Filing
EVP & GM James Cameron reports acquisition and disposal of Wesco International stock and stock options.
Summary
- James Cameron, an EVP & GM at Wesco International, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, Cameron disposed of 360 shares of common stock to cover tax withholding on vesting restricted stock units at a price of $180.47.
- On the same day, Cameron acquired 2,355 and 16,623 shares of common stock through grants of RSUs.
- Cameron also acquired 5,549 stock options with an exercise price of $180.47, exercisable in three equal annual installments beginning March 1, 2026.
- Following these transactions, Cameron beneficially owns 55,916.5249 shares of common stock and 5,549 stock options.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive. The grants of RSUs and stock options are generally viewed positively as they align management's interests with those of shareholders.
Positives
- The grant of RSUs and stock options to a key executive suggests confidence in the company's future performance.
Future Outlook
The vesting schedule of the RSUs and stock options suggests a multi-year incentive plan for the executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates executive compensation and alignment with shareholder interests.
Stakeholder Impact
- Shareholders may view the RSU and stock option grants as a positive sign, aligning executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of grant for restricted stock units that vested on 03/01/2025. |
| 03/01/2025 | Date of transactions: stock disposal for tax withholding, RSU grants, and stock option grant. |
| 03/01/2026 | First vesting date for the stock options granted on 03/01/2025. |
| 03/01/2035 | Expiration date for the stock options granted on 03/01/2025. |
| 03/04/2025 | Date of Form 4 filing. |
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