Form 4: Wesco International Executive James Cameron Reports Stock Transactions

EVP & GM, Util & Broadband of Wesco International, James Cameron, reports acquisition and disposal of common stock due to dividend equivalent rights.

Summary

• James Cameron, an Executive Vice President & GM at Wesco International, filed a Form 4 with the SEC.
• The filing reports changes in beneficial ownership of Wesco International's common stock.
• On March 29, 2024, Cameron acquired 10.5549 shares of common stock through dividend equivalent rights (DERs).
• Also on March 29, 2024, Cameron disposed of 0 shares of common stock.
• Following these transactions, Cameron beneficially owns 33,605.3046 shares of Wesco International.
• The dividend equivalent rights are connected to the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units held by the Reporting Person.
• Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The acquisition of shares through dividend equivalent rights suggests a continued investment in the company by 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 transactions related to dividend equivalent rights, which are common in executive compensation packages.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates