Form 4: Western Digital CEO Irving Tan Disposes of Shares to Cover Tax Obligations
SEC Form 4
Western Digital's CEO, Irving Tan, disposed of 39 shares of common stock on May 20, 2025, to cover tax obligations related to vesting securities.
Summary
- On May 20, 2025, Irving Tan, the CEO of Western Digital, disposed of 39 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of securities.
- The shares were disposed of at a price of $50.63 per share.
- Following the transaction, Tan directly owns 605,442 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The disposal of a small number of shares by the CEO is unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of the transaction where Irving Tan disposed of shares. |
| 05/22/2025 | Date of signature for the Form 4 filing. |
Keywords
Western Digital, Irving Tan, WDC, Form 4, Stock Disposal, Tax Obligations, Insider Trading
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