Form 4: Western Digital Director Sells Shares to Cover Tax Obligations

Miyuki Suzuki, a director at Western Digital, sold 1,172 shares of common stock to cover tax obligations related to vesting securities.

Summary

• Miyuki Suzuki, a director at Western Digital, sold 1,172 shares of common stock on November 15, 2024.
• The sale was executed at a price of $62.8 per share.
• This transaction was to cover tax obligations arising from the vesting of securities.
• Following the transaction, Ms. Suzuki directly owns 14,401 shares of Western Digital stock.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations and does not indicate any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for a company director to cover tax obligations related to vesting shares. It is not unusual for directors to sell shares for this purpose.

Comparison to Industry Standards

• Sales of shares by directors to cover tax obligations are common across the industry.
• Many companies use similar mechanisms for stock-based compensation and tax withholding.
• The sale is consistent with standard practices for directors managing their personal finances and tax liabilities.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by a director to cover tax obligations.

Key Dates

Keywords

Western Digital, Miyuki Suzuki, stock sale, insider trading, tax obligations, share transaction, director