Form 4: Western Digital EVP & CFO Wissam G. Jabre Reports Stock Disposal for Tax Obligations
SEC Form 4
Wissam G. Jabre, EVP & CFO of Western Digital, disposed of 5,885 shares of common stock on August 25, 2024, to cover tax obligations related to vesting securities.
Summary
- On August 25, 2024, Wissam G. Jabre, the EVP & CFO of Western Digital Corp, disposed of 5,885 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of securities.
- The shares were disposed of at a price of $64.35 per share.
- Following the transaction, Jabre directly owns 213,004 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest. The transaction itself doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/25/2024 | Date of transaction: Wissam G. Jabre disposed of shares. |
| 08/27/2024 | Date of signature on the Form 4 filing. |
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