Form 4: Wesco International Inc: Chairman, President & CEO John Engel Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
John Engel, Chairman, President & CEO of Wesco International Inc, reports acquiring and disposing of common stock and dividend equivalent rights.
Summary
- On March 29, 2024, John Engel, the Chairman, President & CEO of Wesco International Inc, reported a transaction involving the company's common stock.
- Engel acquired 63.2567 shares of common stock through dividend equivalent rights (DERs).
- Engel also disposed of 452,340.646 shares of common stock.
- The DERs are linked to restricted stock units (RSUs) held by Engel and vest on the same schedule as the underlying award.
- Each DER is economically equivalent to one share of Wesco International's common stock.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock transactions.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor the actions of key executives like John Engel.
Stakeholder Impact
- Shareholders can use this information to understand the actions of Wesco's top executive regarding company stock.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction involving common stock and dividend equivalent rights. |
| 04/02/2024 | Date of signature for the report. |
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