Form 4: Western Digital Executive Wissam G. Jabre Reports Stock Transaction

Western Digital's EVP & CFO, Wissam G. Jabre, disposed of 1,462 shares of common stock to cover tax obligations related to vesting securities.

Summary

• Wissam G. Jabre, the Executive Vice President and Chief Financial Officer of Western Digital Corporation, reported a transaction involving the company's common stock.
• On November 20, 2024, Mr. Jabre disposed of 1,462 shares of common stock.
• The transaction was executed at a price of $63.84 per share.
• This disposal was to cover tax obligations arising from the vesting of securities.
• Following the transaction, Mr. Jabre directly owns 211,542 shares of Western Digital common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to executive stock transactions and is common practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US.
• The transaction is typical for executives who receive stock as part of their compensation and need to cover tax obligations upon vesting.
• Similar filings are made by executives at companies like Seagate Technology (STX) and Micron Technology (MU) when they have stock transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Western Digital, WDC, stock transaction, insider trading, Form 4, executive compensation, tax obligations, vesting, common stock