Form 4: Western Digital Executive Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Gene M. Zamiska, SVP & Principal Accounting Officer of Western Digital, sold shares to cover tax obligations and under a pre-arranged 10b5-1 trading plan.

Summary

• Gene M. Zamiska, SVP & Principal Accounting Officer at Western Digital, reported transactions involving Western Digital common stock.
• On September 3, 2024, 1,145 shares were disposed of to cover tax obligations related to vesting securities at a price of $63.06.
• On September 4, 2024, 2,169 shares were sold at a price of $61.96.
• Following these transactions, Zamiska directly owns 32,601 shares of Western Digital common stock.
• The sales on September 4, 2024, were executed under a Rule 10b5-1 trading plan adopted on December 1, 2023.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transactions are routine and related to tax obligations and a pre-existing trading plan.

Future Outlook

The reporting person will likely continue to make sales under the 10b5-1 trading plan.

Industry Context

Executive stock transactions are common and closely monitored, especially in the tech industry. Sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholders due to slight dilution, but the impact is likely minimal given the pre-planned nature of the sales.

Key Dates