Form 4: Western Digital CEO Irving Tan Reports Routine Stock Withholding for Tax Obligations

Western Digital CEO Irving Tan reported the disposition of 1,985 shares of common stock to cover tax obligations related to vested equity awards.

Summary

• Irving Tan, Chief Executive Officer and Director of Western Digital Corp (WDC), filed a Form 4 reporting changes in his beneficial ownership.
• On May 23, 2025, Mr. Tan disposed of 1,869 shares of Common Stock at a price of $50.18 per share.
• On May 25, 2025, an additional 116 shares of Common Stock were disposed of at the same price of $50.18 per share.
• These dispositions, totaling 1,985 shares, were identified as 'F' transactions, indicating payment of tax obligations by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
• Following these transactions, Mr. Tan beneficially owns 603,457 shares of Western Digital Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary disposition of shares for tax withholding purposes related to equity vesting, which is a common occurrence for executives and does not indicate a change in company outlook or management sentiment. Therefore, the sentiment is neutral.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects a standard tax obligation related to executive compensation in the technology sector.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and does not reflect a discretionary sale by the CEO.

Key Dates

Keywords

Western Digital, WDC, Irving Tan, Form 4, Insider Transaction, Stock Ownership, Tax Withholding, Equity Vesting, SEC Filing