Form 4: Western Digital Executive Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Chief Sales & Marketing Officer Brian Scott Davis reported the vesting and withholding of shares related to dividend equivalent rights.
Summary
- Brian Scott Davis, Chief Sales & Marketing Officer of Western Digital, executed transactions involving the conversion of dividend equivalent rights into common stock.
- On May 20, 2026, 5 shares were acquired via conversion, with 716 shares withheld for tax obligations at a price of $459.62 per share.
- On May 21, 2026, 4 shares were acquired via conversion, with 593 shares withheld for tax obligations at a price of $486.46 per share.
- Following these transactions, the reporting person holds 104,264 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing related to executive compensation and tax obligations.
Positives
- The transactions reflect the vesting of equity-based compensation, indicating ongoing alignment between executive interests and shareholder value.
Negatives
- The withholding of shares for tax purposes resulted in a net reduction of the reporting person's total beneficial ownership.
Risks
- No specific operational or financial risks were disclosed in this regulatory filing.
Future Outlook
Not applicable; this is a routine disclosure of executive equity transactions.
Industry Context
StockSavvy.ai notes that routine Form 4 filings regarding tax withholding on vested equity are standard corporate governance practices and do not typically signal changes in executive sentiment or company strategy.
Comparison to Industry Standards
- The filing follows standard SEC reporting requirements for executive compensation and tax withholding, consistent with practices at peer technology firms like Seagate Technology or Micron Technology.
Stakeholder Impact
- Minimal impact on shareholders as these transactions represent standard executive compensation vesting and tax settlement.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Date of initial transaction involving conversion of dividend equivalent rights and tax withholding. |
| 05/21/2026 | Date of secondary transaction involving conversion of dividend equivalent rights and tax withholding. |
| 05/22/2026 | Date of filing for the reported transactions. |
Keywords
Western Digital, WDC, Insider Trading, Form 4, Equity Compensation, Dividend Equivalent Rights
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