Form 4: Western Digital Director's Stock Transactions

Western Digital Director Stephanie A. Streeter reported recent acquisitions of common stock through restricted stock unit grants and dividend equivalent right conversions, alongside a change in beneficial ownership structure.

Summary

• Stephanie A. Streeter, a Director at Western Digital Corp (WDC), reported transactions involving the company's common stock.
• On November 20, 2025, Streeter acquired 1,585 shares of common stock through a grant of restricted stock units (RSUs) at a price of $0.0.
• On November 19, 2025, Streeter acquired 16 shares of common stock resulting from the conversion of dividend equivalent rights (DERs) at a price of $0.0.
• The dividend equivalent rights, totaling 16.8276, were converted into common stock on a one-for-one basis upon the vesting of related restricted stock units, with a fractional amount settled in cash.
• Beneficial ownership following these transactions includes 1,585 shares held directly and 40,407 shares held indirectly through a Family Trust.
• The indirect ownership includes shares contributed by Streeter to her Family Trust Account and shares issued directly to the Family Trust upon vesting of restricted stock units.
• Additionally, the indirect ownership includes 1,984 additional stock units acquired due to the Issuer's spin-off on February 21, 2025, which adjusted outstanding stock units by an equity conversion ratio of 1.452526 per unit.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While these are compensation-related acquisitions, they increase the director's direct and indirect ownership, which can be viewed as a positive alignment of interests. There are no negative transactions reported.

Positives

• The acquisition of shares through RSU grants and DER conversions increases the director's stake in the company, aligning her interests with those of shareholders.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The reporting person contributed shares owned outright to her Family Trust Account, and shares from a vested restricted stock unit award were issued directly to the Family Trust account, resulting in a change in the form of beneficial ownership.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even if compensation-related, can signal continued alignment of management interests with shareholder value.

Key Dates

Keywords

Western Digital, WDC, Form 4, Insider Transaction, Restricted Stock Units, Dividend Equivalent Rights, Beneficial Ownership, Director Stock