Form 4: Western Digital Director Matthew Massengill Reports Stock Transactions

Director Matthew Massengill of Western Digital Corp. reports acquiring 4,542 shares of common stock and transferring 36,926 shares to a family trust.

Summary

• Matthew Massengill, a director at Western Digital Corp., reported several transactions involving the company's stock.
• On November 20, 2024, Massengill acquired 4,542 shares of common stock through a grant of restricted stock units, with each unit representing one share.
• He also transferred 36,926 shares of common stock to a family trust, where he and his spouse are trustees.
• Additionally, he holds 500 shares indirectly through an IRA.
• Following these transactions, Massengill's total holdings include 18,804 directly owned shares, 36,926 shares held by a family trust, and 500 shares held by an IRA.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Positives

• The grant of restricted stock units to a director may indicate confidence in the company's future performance.

Industry Context

This is a routine disclosure of stock transactions by a company director, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this filing is consistent with those requirements.
• The transactions are typical for directors who receive stock-based compensation and manage their personal holdings.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are routine insider transactions.

Key Dates

Keywords

Western Digital, WDC, Matthew Massengill, stock transaction, restricted stock units, family trust, insider trading, Form 4, director