Form 4: WDC CEO Irving Tan Reports Stock Ownership Changes

Western Digital CEO Irving Tan reported routine changes in his beneficial ownership of WDC common stock, including the conversion of dividend equivalent rights and tax-related share withholding.

Summary

• Irving Tan, Chief Executive Officer and Director of Western Digital Corp (WDC), reported changes in his beneficial ownership of company securities.
• On February 25, 2026, Tan acquired 27 shares of WDC common stock through the conversion of dividend equivalent rights (DERs) at a price of $0.0.
• These DERs were converted on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalent rights relate.
• A cash amount was also paid to settle a fractional dividend equivalent right.
• On the same date, Tan disposed of 425 shares of WDC common stock at a price of $290.95 per share.
• This disposition was for the payment of tax obligations by withholding securities incident to the vesting of securities, in accordance with Rule 16b-3(e).
• Following these transactions, Tan directly beneficially owns 622,563 shares of common stock and 968.4818 dividend equivalent rights.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing routine insider transactions related to equity compensation and tax obligations, which are common for executives.

Positives

• Conversion of 27 dividend equivalent rights into common stock increases direct share ownership, aligning management interests with shareholders.

Negatives

• Disposition of 425 shares to cover tax obligations reduces the total direct beneficial ownership of common stock.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that these are routine insider transactions, common for executives receiving equity compensation. They do not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal impact on shareholders as these are routine, relatively small transactions by an executive.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Western Digital, WDC, Irving Tan, Form 4, Insider Transaction, Common Stock, Dividend Equivalent Rights, CEO, Director, Beneficial Ownership