Form 4: WDC CLO Tregillis Reports Stock Vesting & Tax Withholding
Insider Transaction Report
Western Digital's Chief Legal Officer, Cynthia Tregillis, reported the vesting of restricted stock units and the associated tax withholding of shares.
Summary
- Cynthia L Tregillis, CLO and Corporate Secretary of Western Digital Corporation (WDC), reported transactions related to her beneficial ownership.
- On August 20, 2025, 10 shares of Common Stock were acquired at a price of $0.0, likely due to the vesting of restricted stock units.
- Concurrently, 2,565 shares of Common Stock were disposed of at $75.64 per share to cover tax obligations related to the vesting of securities.
- Dividend Equivalent Rights totaling 11.0052 were converted into an equal number of Common Stock shares on August 20, 2025, in connection with the vesting of restricted stock units.
- Following these transactions, Tregillis directly beneficially owns 153,828 shares of Common Stock and 205.2347 Dividend Equivalent Rights.
Sentiment
Score: 5
Explanation: The filing is a routine Form 4 reporting executive equity compensation vesting and tax withholding, which is a neutral event for company operations or financial health.
Positives
- Vesting of restricted stock units indicates the fulfillment of equity compensation terms for the executive.
- The acquisition of shares at $0.0 (likely conversion from RSUs) increases the executive's direct ownership in the company.
Negatives
- A significant number of shares (2,565) were disposed of to cover tax obligations, reducing the executive's overall direct shareholding.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The filing details transactions by a corporate officer (Cynthia L Tregillis) with the issuer (Western Digital Corporation), which are considered related party transactions under SEC rules.
Stakeholder Impact
- Shareholders: The transactions represent routine equity compensation and tax management for an executive, with minimal direct impact on overall shareholder value or company operations. The disposition of shares for tax purposes slightly reduces the executive's direct stake but is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 08/20/2025 | Date of reported transactions for stock acquisition, disposition, and dividend equivalent rights conversion. |
| 08/21/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Western Digital, WDC, SEC Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Equity Compensation, Cynthia Tregillis, Officer Transaction, Tax Withholding
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