Form 4: Western Digital Executive Reports Routine Stock Vesting and Tax-Related Share Disposition

Cynthia L. Tregillis, Western Digital's Chief Legal Officer and Corporate Secretary, filed a Form 4 detailing the vesting of restricted stock units and dividend equivalent rights, alongside a sale of shares to cover tax obligations.

Summary

• Cynthia L. Tregillis, Chief Legal Officer and Corporate Secretary of Western Digital Corporation (WDC), filed a Form 4 reporting changes in her beneficial ownership.
• On June 20, 2025, 0 shares of Common Stock were acquired through the conversion of dividend equivalent rights related to the vesting of restricted stock units.
• Following this, 204 shares of Common Stock were disposed of on June 20, 2025, at a price of $59.29 per share, to satisfy tax withholding obligations incident to the vesting of securities.
• As of June 20, 2025, Ms. Tregillis beneficially owns 157,684 shares of Western Digital Common Stock.
• On June 18, 2025, 222.7224 Dividend Equivalent Rights (DERs) were acquired, which accrue on previously awarded restricted stock units (RSUs) and vest proportionately with the RSUs.
• On June 20, 2025, 0.8802 DERs were disposed of as they were converted into common stock in connection with RSU vesting.
• As of June 20, 2025, Ms. Tregillis beneficially owns 221.8422 Dividend Equivalent Rights.
• The reported common stock holdings include 227 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2025.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates the vesting of executive compensation, which is a normal and expected part of an executive's remuneration package. There are no negative implications from the reported transactions.

Positives

• The vesting of restricted stock units and dividend equivalent rights indicates the fulfillment of compensation agreements for the executive, reflecting a normal course of business.
• The acquisition of 227 shares under the Issuer's Employee Stock Purchase Plan suggests ongoing participation in company equity programs by the executive.

Future Outlook

This document does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects standard executive compensation practices involving equity awards and subsequent tax obligations upon vesting. It does not provide information to analyze broader industry trends or competitive positioning.

Comparison to Industry Standards

• The transactions reported, specifically the vesting of restricted stock units and the sale of shares for tax withholding, are standard practices for executive compensation in publicly traded companies across various industries.
• There are no specific comparable companies, projects, or results detailed in this filing to allow for a direct comparative assessment. The share price of $59.29 is specific to WDC at the time of the transaction.

Stakeholder Impact

• Shareholders: Minor impact. These are routine compensation-related transactions for an executive, not indicative of significant strategic shifts or financial performance changes.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Western Digital Corporation, WDC, SEC Form 4, Beneficial Ownership, Insider Trading, Restricted Stock Units, Dividend Equivalent Rights, Executive Compensation, Cynthia L Tregillis, Stock Vesting, Tax Withholding, Employee Stock Purchase Plan