Form 4: Western Digital CEO David Goeckeler Sells Shares to Cover Tax Obligations
SEC Form 4
Western Digital's CEO, David Goeckeler, disposed of 15,776 shares of common stock on September 3, 2024, to cover tax obligations related to vesting securities.
Summary
- On September 3, 2024, David Goeckeler, the CEO of Western Digital, disposed of 15,776 shares of the company's common stock.
- The transaction was executed at a price of $63.06 per share.
- The disposal was related to the payment of tax obligations arising from the vesting of securities, in accordance with Rule 16b-3(e).
- Following the transaction, Goeckeler still beneficially owns 973,630 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the CEO's confidence in the company.
Industry Context
Insider transactions are common and closely monitored, especially those of key executives like the CEO. Sales to cover tax obligations are a normal part of equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the transaction: David Goeckeler disposed of 15,776 shares of common stock. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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