Form 4: Wesco International Inc. Executive Vice President and General Counsel, Diane Lazzaris, Reports Changes in Beneficial Ownership
SEC Form 4
Diane Lazzaris, EVP and General Counsel of Wesco International Inc., reports acquisition and disposal of common stock due to dividend equivalent rights.
Summary
- On September 30, 2024, Diane Lazzaris, EVP and General Counsel of Wesco International Inc., reported changes in beneficial ownership of the company's common stock.
- Lazzaris acquired 8.6757 shares of common stock at $0 due to dividend equivalent rights (DERs) associated with restricted stock units (RSUs).
- Lazzaris disposed of 52,929.9706 shares of common stock.
- Following the reported transactions, Lazzaris beneficially owns 52,929.9706 shares of Wesco International Inc.
- The DERs are economically equivalent to one share of Wesco's common stock and vest on the same schedule as the underlying RSU award.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company executive, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of the reported transaction involving common stock. |
| 10/02/2024 | Date of signature for the report. |
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