Form 4: WDC Chief Legal Officer Reports Stock Transactions
Insider Transaction Report
Western Digital's Chief Legal Officer, Cynthia L. Tregillis, reported the conversion of dividend equivalent rights, tax-related share withholding, and a sale of common stock.
Summary
- Cynthia L. Tregillis, Chief Legal Officer & Corporate Secretary of Western Digital Corp (WDC), reported several transactions involving the company's common stock.
- On January 20, 2026, 11 shares of common stock were acquired through the conversion of dividend equivalent rights at a price of $0.0.
- Also on January 20, 2026, 842 shares of common stock were disposed of at $222.97 to satisfy tax obligations related to the vesting of securities.
- On January 21, 2026, 447 shares of common stock were sold at $229 per share.
- The sales were executed under a Rule 10b5-1 trading plan adopted on May 23, 2025.
- Following these reported transactions, Tregillis beneficially owns 143,318 shares of WDC common stock directly.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions including vesting of equity, tax withholding, and a planned sale, which are common and do not indicate a strong positive or negative sentiment about the company's immediate prospects.
Positives
- Acquisition of 11 shares of common stock through the conversion of dividend equivalent rights, indicating the vesting of previously granted equity.
Negatives
- Disposal of 842 shares of common stock to cover tax obligations, reducing direct beneficial ownership.
- Sale of 447 shares of common stock, further reducing direct beneficial ownership.
Future Outlook
This filing does not contain forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing reports routine insider transactions and does not provide information related to broader industry trends or competitors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Adoption | The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. | May 23, 2025 | Provides an affirmative defense against insider trading allegations by pre-scheduling trades, demonstrating adherence to corporate governance best practices for executive stock transactions. |
Stakeholder Impact
- Shareholders: The transactions are routine insider dealings and are unlikely to have a significant impact on the company's share price or long-term shareholder value.
Key Dates
| Date | Description |
|---|---|
| May 23, 2025 | Adoption date of Rule 10b5-1 trading plan by the Reporting Person. |
| January 20, 2026 | Conversion of dividend equivalent rights and tax withholding transaction date. |
| January 21, 2026 | Sale of common stock transaction date. |
Keywords
Western Digital, WDC, Insider Trading, Form 4, Cynthia Tregillis, Stock Transaction, Rule 10b5-1, Common Stock, Dividend Equivalent Rights
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