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

Western Digital's EVP & CFO, Wissam G. Jabre, reported a transaction involving the withholding of 1,471 common stock shares to cover tax obligations.

Summary

• Wissam G. Jabre, the Executive Vice President and Chief Financial Officer of Western Digital, filed a Form 4 with the SEC.
• The filing reports a transaction on November 25, 2024, where 1,471 shares of common stock were withheld to cover tax obligations related to the vesting of securities.
• The price per share for the transaction was $69.425.
• Following the transaction, Jabre directly owns 210,071 shares of Western Digital common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive stock transactions and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives of publicly traded companies like Western Digital.
• The transaction is a common method of handling tax obligations related to stock vesting, similar to practices at companies like Seagate Technology and Micron Technology.
• The number of shares withheld is proportional to the executive's compensation and tax obligations, which is consistent with industry norms.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.
• The transaction does not impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, SEC, Western Digital, WDC, Insider Trading, Stock Transaction, Beneficial Ownership, Executive Compensation, Tax Withholding, Wissam G. Jabre