Form 4: Western Digital CEO's Routine Stock Transactions

Western Digital CEO Irving Tan reported routine stock acquisitions from dividend equivalent rights and dispositions for tax obligations.

Summary

• Irving Tan, Chief Executive Officer and Director of Western Digital Corp (WDC), reported changes in his beneficial ownership of common stock.
• On November 20, 2025, Mr. Tan acquired 8 shares of common stock at a price of $0.0 per share through the conversion of dividend equivalent rights (DERs) related to the vesting of restricted stock units.
• On the same date, 104 shares of common stock were disposed of at a price of $140.23 per share to satisfy tax obligations incident to the vesting of securities.
• Following these transactions on November 20, 2025, Mr. Tan's direct beneficial ownership was 645,371 shares.
• On November 21, 2025, Mr. Tan acquired 16 shares of common stock at a price of $0.0 per share, also from the conversion of DERs.
• On November 21, 2025, 524 shares of common stock were disposed of at a price of $139.19 per share for tax withholding purposes.
• After all reported transactions, Mr. Tan's direct beneficial ownership stands at 644,863 shares of common stock.
• Dividend equivalent rights of 8.8034 and 16.5977 were converted into common stock on November 20, 2025, and November 21, 2025, respectively, with a cash amount paid for any fractional rights.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (vesting and tax withholding). These are expected events and do not indicate any significant positive or negative sentiment regarding the company's performance or future prospects.

Positives

• The vesting of restricted stock units and associated dividend equivalent rights indicates the fulfillment of performance or tenure conditions for the executive, reflecting ongoing compensation.

Negatives

• The disposition of shares for tax withholding purposes, while routine, results in a slight reduction in the executive's direct beneficial ownership.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details routine insider transactions related to executive compensation, which is a standard practice across publicly traded companies in all industries, including the technology and data storage sector where Western Digital operates. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transactions represent a minor, routine change in an executive's beneficial ownership and are unlikely to have a material impact on the company's stock price or shareholder value.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Western Digital, WDC, Irving Tan, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Dividend Equivalent Rights, Executive Compensation