Form 4: Western Digital CLO Executes Routine Stock Transactions
Statement of Changes in Beneficial Ownership
Western Digital Chief Legal Officer Cynthia L. Tregillis reported routine stock sales and tax-related withholdings.
Summary
- Chief Legal Officer Cynthia L. Tregillis sold a total of 522 shares of Western Digital common stock across two transactions on May 22 and May 27, 2026.
- The sales were executed under a pre-established Rule 10b5-1 trading plan adopted on May 23, 2025.
- The reporting person acquired 7 shares via the conversion of dividend equivalent rights on May 25, 2026.
- A total of 771 shares were withheld by the company on May 25, 2026, to satisfy tax obligations related to the vesting of restricted stock units.
- Following these transactions, the reporting person maintains a beneficial ownership of 117,371 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the transactions are routine administrative actions related to executive compensation and pre-planned trading.
Positives
- Transactions were conducted under a pre-planned Rule 10b5-1 trading plan, indicating systematic rather than discretionary selling.
Negatives
- The filing reflects a net reduction in the reporting person's direct share ownership.
Risks
- None identified; this is a standard disclosure of executive equity transactions.
Future Outlook
No forward-looking guidance provided in this document.
Industry Context
StockSavvy.ai notes that executive stock sales executed under Rule 10b5-1 plans are standard corporate governance practices and generally do not signal changes in management sentiment regarding company performance.
Comparison to Industry Standards
- The transaction structure is consistent with standard executive compensation and tax compliance practices observed in the semiconductor and storage hardware industry.
Stakeholder Impact
- Minimal impact on shareholders as transactions were pre-planned and represent a small fraction of the executive's total holdings.
Key Dates
| Date | Description |
|---|---|
| 05/23/2025 | Date the Rule 10b5-1 trading plan was adopted. |
| 05/22/2026 | Date of initial stock sale transaction. |
| 05/25/2026 | Date of dividend equivalent conversion and tax withholding. |
| 05/27/2026 | Date of final stock sale transaction and filing date. |
Keywords
Western Digital, WDC, Insider Trading, Form 4, Equity Compensation, Rule 10b5-1
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