Form 4: Western Digital Executive Soderbery Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert Soderbery, EVP & GM of Flash Business at Western Digital, disposed of 4,056 shares of common stock on June 15, 2024, to cover tax obligations related to vesting securities.
Summary
- On June 15, 2024, Robert Soderbery, an Executive Vice President and General Manager of the Flash Business at Western Digital Corporation, disposed of 4,056 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of securities.
- The shares were disposed of at a price of $78.12 per share.
- Following the transaction, Soderbery directly owns 140,567 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of transaction: Robert Soderbery disposed of 4,056 shares of Western Digital common stock. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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