Form 4: Western Digital EVP & CFO Wissam G. Jabre Reports Stock Transaction

Wissam G. Jabre, EVP & CFO of Western Digital, reports the disposition of 1,462 shares of common stock to cover tax obligations related to vesting securities.

Summary

• On May 20, 2024, Wissam G. Jabre, the EVP & CFO of Western Digital Corp, disposed of 1,462 shares of common stock.
• The transaction was executed at a price of $73.05 per share.
• This disposition was related to the payment of tax obligations arising from the vesting of securities, as per Rule 16b-3(e).
• Following the transaction, Jabre directly owns 206,058 shares of Western Digital common stock.

Sentiment

Score: 5

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

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Western Digital, Seagate Technology, and Micron Technology.
• These filings are required by the SEC to ensure transparency and prevent insider trading, aligning with regulatory standards across the industry.
• The transaction reported is typical for covering tax obligations related to vesting equity, a common practice among executives in similar roles at comparable companies.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders as it is a routine sale of shares to cover tax obligations.
• It provides transparency to shareholders regarding executive stock transactions.

Key Dates