Form 4: Western Digital CEO David Goeckeler Sells 75,000 Shares
SEC Form 4 Filing
Western Digital's CEO, David Goeckeler, sold 75,000 shares of common stock on October 25, 2024, at a price of $72.585 per share, according to a Form 4 filing with the SEC.
Summary
- David Goeckeler, the CEO of Western Digital, sold 75,000 shares of the company's common stock on October 25, 2024.
- The sale was executed at a price of $72.585 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 6, 2024.
- Following the sale, Goeckeler directly owns 821,630 shares of Western Digital.
- The sale was reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider stock sale. It's neutral in tone and doesn't inherently indicate positive or negative sentiment.
Industry Context
Insider sales are a common occurrence and are often related to personal financial planning rather than a negative outlook on the company. However, large or frequent sales can sometimes be viewed with concern by investors.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, depending on how it's perceived by the market.
Key Dates
| Date | Description |
|---|---|
| June 6, 2024 | Date the Rule 10b5-1 trading plan was adopted. |
| October 25, 2024 | Date of the stock sale transaction. |
| October 28, 2024 | Date of the Form 4 filing. |
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