Form 4: Western Digital Exec Sells Shares Under 10b5-1 Plan
Statement of Changes in Beneficial Ownership
Western Digital's Chief Legal Officer, Cynthia L Tregillis, reported the sale of common stock totaling 9,324 shares under a pre-arranged 10b5-1 trading plan.
Summary
- Cynthia L Tregillis, Chief Legal Officer & Corporate Secretary of Western Digital Corporation, reported transactions involving the company's common stock.
- On March 3, 2026, 23 shares of common stock were acquired at $0.0 due to the conversion of dividend equivalent rights related to restricted stock units.
- Also on March 3, 2026, 2,798 shares were disposed of at $250.61 to cover tax obligations incident to the vesting of securities.
- On March 4, 2026, a total of 9,324 shares were sold in two separate transactions: 777 shares at $257.91 and 8,547 shares at a weighted average price of $269.2156.
- All sales were conducted under a Rule 10b5-1 trading plan adopted on May 23, 2025.
- Following these transactions, Tregillis beneficially owns 121,682 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine insider sales under a pre-arranged 10b5-1 plan, which is a common practice for executive compensation and personal financial management, rather than an indicator of company performance or future prospects.
Positives
- The acquisition of 23 shares at $0.0 indicates the vesting of restricted stock units and conversion of dividend equivalent rights, which is a form of executive compensation.
Negatives
- The disposition of 9,324 shares by a key executive, even under a 10b5-1 plan, represents a reduction in insider ownership.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common for executives managing personal finances and diversifying portfolios, and do not necessarily reflect a change in the company's fundamental outlook or industry trends. These pre-scheduled plans are designed to avoid accusations of trading on material non-public information.
Stakeholder Impact
- Minimal impact on shareholders as these are routine, pre-scheduled insider transactions that do not signal a change in company fundamentals or strategy.
Key Dates
| Date | Description |
|---|---|
| May 23, 2025 | Rule 10b5-1 trading plan adopted by the Reporting Person. |
| March 3, 2026 | Conversion of dividend equivalent rights into common stock and disposition of shares for tax obligations. |
| March 4, 2026 | Sale of common stock under the 10b5-1 trading plan. |
| March 5, 2026 | Date of filing of the Form 4. |
Keywords
Western Digital, WDC, Form 4, insider trading, stock sale, executive compensation, 10b5-1 plan, Cynthia Tregillis
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