Form 4: Wesco International Inc. Executive Matthew S. Kulasa Reports Stock Transactions
SEC Form 4
Matthew S. Kulasa, SVP, Corp. Controller & CAO of Wesco International Inc., reports acquisition and disposal of common stock related to performance share awards and tax withholdings.
Summary
- On February 13, 2025, Matthew S. Kulasa acquired 1,147 shares of Wesco International Inc. common stock upon settlement of a performance share award granted on February 17, 2022.
- Also on February 13, 2025, 569 shares were disposed of to cover tax withholding on the settlement of these performance share awards at a price of $193.67.
- On February 16, 2025, 69 shares were disposed of to cover tax withholding on the vesting of RSUs granted February 16, 2023 at a price of $196.85.
- On February 17, 2025, 91 shares were disposed of to cover tax withholding on the vesting of RSUs granted February 17, 2022 at a price of $196.85.
- Following these transactions, Kulasa directly owns 3,701.548 shares of Wesco International Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are related to compensation and tax obligations, which are routine. The acquisition of shares is slightly positive, indicating confidence.
Positives
- Kulasa's acquisition of 1,147 shares indicates a potential alignment with the company's long-term performance.
Industry Context
Form 4 filings are routine disclosures that provide transparency into the trading activities of company insiders, allowing investors to track management's sentiment and potential alignment with company performance.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis, with firms like Bloomberg, FactSet, and Thomson Reuters providing tools to track and analyze these filings.
- Comparing the ratio of acquisitions to disposals by insiders can provide insights into the overall sentiment of management regarding the company's future prospects, a metric often used in conjunction with fundamental analysis.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Date of grant for performance share award settled on February 13, 2025, and RSUs that vested on February 17, 2025. |
| February 16, 2023 | Date of grant for RSUs that vested on February 16, 2025. |
| December 31, 2024 | End date of the three-year performance period for the performance share award. |
| February 13, 2025 | Date of common stock acquisition and tax withholding. |
| February 16, 2025 | Date of tax withholding on vesting of RSUs. |
| February 17, 2025 | Date of tax withholding on vesting of RSUs. |
| February 18, 2025 | Date of signature for the Form 4 filing. |
Keywords
Wesco International Inc., Matthew S. Kulasa, Form 4, Stock Transactions, Performance Share Award, RSUs, Tax Withholding, Beneficial Ownership
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