Form 4: Western Digital CEO David Goeckeler Reports Stock Disposals for Tax Obligations
SEC Form 4
David Goeckeler, CEO of Western Digital, disposed of shares to cover tax obligations related to vesting securities.
Summary
- David Goeckeler, the CEO of Western Digital, reported the disposal of common stock on August 25, 2024, and August 27, 2024, to cover tax obligations.
- On August 25, 2024, 18,832 shares were disposed of at a price of $64.35.
- On August 27, 2024, 86,904 shares were disposed of at a price of $62.85.
- Following these transactions, Goeckeler beneficially owns 989,406 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock disposals for tax purposes, a routine financial activity.
Industry Context
Executive stock transactions are a normal part of corporate governance. It is typical for executives to sell shares to cover tax obligations when stock options or restricted stock units vest. These transactions are publicly disclosed to ensure transparency and prevent insider trading.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/25/2024 | Disposal of 18,832 shares of common stock at $64.35. |
| 08/27/2024 | Disposal of 86,904 shares of common stock at $62.85. |
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