Form 4: Western Digital CEO Irving Tan Reports Stock Transactions

Western Digital's CEO and Director, Irving Tan, reported the acquisition of common stock from dividend equivalent rights and the disposition of shares for tax obligations.

Summary

• Irving Tan, Chief Executive Officer and Director of Western Digital Corp (WDC), reported transactions involving the company's common stock.
• On August 25, 2025, Tan acquired 13 shares of common stock at a price of $0.0 per share, resulting from the conversion of dividend equivalent rights related to the vesting of restricted stock units.
• Concurrently, Tan disposed of 247 shares of common stock at a price of $79.22 per share to satisfy tax withholding obligations incident to the vesting of securities.
• Following these transactions, Tan directly beneficially owns 592,050 shares of common stock.
• Additionally, 13.5952 dividend equivalent rights were converted into common stock, with a cash amount paid for a fractional right.
• Tan also beneficially owns 528.9725 derivative dividend equivalent rights.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports routine executive stock transactions related to compensation and tax obligations, which are standard disclosures and do not inherently indicate positive or negative sentiment about the company's performance or outlook.

Positives

• The acquisition of shares, even at a $0.0 price, indicates the vesting of previously granted equity, aligning executive incentives with shareholder value.
• The reported transactions demonstrate transparency in executive compensation and share ownership.

Negatives

• The disposition of 247 shares for tax obligations reduces the direct shareholding of the CEO, though this is a common practice for equity vesting.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of an executive's stock transactions, common across all publicly traded companies, and does not provide specific industry context or trends for the data storage or technology sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and compensation practices.
• Employees: No direct impact mentioned, but reflects standard equity compensation practices for executives.

Key Dates

Keywords

Western Digital, WDC, Irving Tan, SEC Form 4, Insider Trading, Stock Transactions, CEO, Director, Common Stock, Restricted Stock Units, Dividend Equivalent Rights