Form 4: Western Digital EVP & CFO Wissam G. Jabre Reports Stock Disposal for Tax Obligations

Wissam G. Jabre, EVP & CFO of Western Digital, disposed of 19,851 shares of common stock on June 15, 2024, to cover tax obligations related to vesting securities.

Summary

• On June 15, 2024, Wissam G. Jabre, the EVP & CFO of Western Digital Corp, disposed of 19,851 shares of common stock.
• The transaction was executed to cover tax obligations related to the vesting of securities.
• The shares were disposed of at a price of $78.12 per share.
• Following the transaction, Jabre directly owns 186,905 shares of Western Digital Corp.
• This includes 698 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2024.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

This 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 disclosure itself doesn't necessarily indicate a positive or negative outlook for the company.

Stakeholder Impact

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

Key Dates