Form 4: Western Digital Executive Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Gene M. Zamiska, SVP, Global Accounting & Chief at Western Digital, sold 219 shares of common stock at $78 per share on June 17, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On June 17, 2024, Gene M. Zamiska, SVP, Global Accounting & Chief at Western Digital, sold 219 shares of the company's common stock.
- The sale was executed at a price of $78 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 1, 2023.
- Following the transaction, Zamiska directly owns 29,507 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by an executive under a pre-arranged trading plan, which is neither particularly positive nor negative.
Industry Context
Insider transactions are routinely monitored by investors to gauge executive sentiment regarding the company's prospects. Sales under 10b5-1 plans are generally viewed as less informative since they are pre-arranged.
Key Dates
| Date | Description |
|---|---|
| 12/01/2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 06/17/2024 | Date of the transaction (stock sale) |
| 06/18/2024 | Date of signature for the Form 4 filing |
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