Form 4: Western Digital Executive Disposes of Shares for Tax Obligations
Insider Transaction Report
Gene M. Zamiska, SVP & Principal Accounting Officer at Western Digital Corp., disposed of common stock shares to cover tax obligations related to vesting securities.
Summary
- Gene M. Zamiska, Western Digital Corp.'s SVP & Principal Accounting Officer, reported two transactions involving the disposal of common stock.
- On May 25, 2025, Mr. Zamiska disposed of 797 shares of common stock at a price of $50.18 per share.
- On May 27, 2025, an additional 345 shares of common stock were disposed of at a price of $51.82 per share.
- These disposals were for the payment of tax obligations by withholding securities, incident to the vesting of securities, in accordance with Rule 16b-3(e).
- Following these transactions, Mr. Zamiska beneficially owns 41,818 shares of Western Digital common stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports a standard, non-discretionary transaction (shares withheld for tax obligations) and does not indicate any positive or negative operational or financial developments for the company.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This Form 4 filing reports a routine insider transaction for tax withholding purposes, which is common practice for executives receiving equity compensation. It does not provide insights into broader industry trends or competitive positioning within the data storage or technology sectors.
Stakeholder Impact
- Shareholders: The disposal of shares for tax purposes is a common occurrence and typically has a negligible impact on the overall share structure or market perception. It does not signal a change in management's confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 05/25/2025 | Transaction date for disposal of 797 shares of common stock. |
| 05/27/2025 | Transaction date for disposal of 345 shares of common stock. |
| 05/28/2025 | Date the Form 4 was signed and filed. |
Keywords
Western Digital, WDC, SEC Form 4, Insider Transaction, Stock Disposal, Tax Obligation, Equity Vesting, Corporate Officer
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