Form 4: WDC Director Kiddoo Reports Dividend Rights Accrual

Western Digital Director Bruce E. Kiddoo reported the acquisition of 3.8753 dividend equivalent rights, increasing his total beneficial ownership of derivative securities to 10.7481.

Summary

• Bruce E. Kiddoo, a Director of Western Digital Corp (WDC), filed a Form 4 statement of changes in beneficial ownership.
• The filing reports the acquisition of 3.8753 Dividend Equivalent Rights (DERs) on September 18, 2025.
• These DERs accrued on previously awarded restricted stock units (RSUs) and vest proportionately with the underlying RSUs.
• Each DER represents a contingent right to receive one share of Western Digital's common stock or its cash equivalent.
• Following this transaction, Bruce E. Kiddoo beneficially owns 10.7481 derivative securities.
• The transaction price for the acquired derivative securities was $0.0.

Sentiment

Score: 5

Explanation: The filing reports a routine accrual of dividend equivalent rights on previously awarded restricted stock units, which is a non-discretionary event and does not reflect a specific positive or negative sentiment towards the company's stock performance.

Positives

• The acquisition of Dividend Equivalent Rights increases the reporting person's beneficial ownership in the company, aligning director interests with shareholder value.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: The transaction is a routine accrual of dividend equivalent rights and has minimal direct impact on shareholders, but it reflects ongoing alignment of director compensation with company performance.

Key Dates

Keywords

Western Digital, WDC, Form 4, Insider Transaction, Dividend Equivalent Rights, Bruce E. Kiddoo, Director, Restricted Stock Units