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

Wissam G. Jabre, EVP & CFO of Western Digital, reports the acquisition and disposal of company stock, including tax obligation fulfillment and a grant of restricted stock units.

Summary

• On August 20, 2024, Wissam G. Jabre disposed of 1,462 shares of Western Digital common stock to cover a tax obligation at a price of $64.42 per share.
• On August 21, 2024, Jabre acquired 33,446 shares of Western Digital common stock through a grant of restricted stock units at $0.0 per share.
• Following these transactions, Jabre beneficially owns 218,889 shares of Western Digital common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports transactions related to executive compensation and tax obligations, which are routine occurrences.

Positives

• The grant of 33,446 restricted stock units to Wissam G. Jabre indicates a continued investment in the company's leadership.

Future Outlook

The document does not contain specific forward-looking statements beyond the nature of the restricted stock units representing a contingent right to receive shares in the future.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are standard practice among publicly traded companies, including competitors like Seagate Technology and Micron Technology.
• The vesting schedules and terms of these units are typically aligned with industry norms to incentivize long-term performance and retention.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive stock ownership.
• The grant of restricted stock units can incentivize management to improve company performance, benefiting shareholders.

Key Dates