Form 4: Western Digital Officer Reports RSU Grant and Tax Sale
Insider Transaction Report
Western Digital's Chief Legal Officer, Cynthia L. Tregillis, reported the grant of restricted stock units and subsequent share transactions for tax obligations.
Summary
- Cynthia L. Tregillis, Chief Legal Officer & Corporate Secretary, acquired 16,554 shares of Western Digital common stock through a restricted stock unit (RSU) grant on August 26, 2025.
- On August 27, 2025, 1 share of common stock was acquired due to the conversion of dividend equivalent rights (DERs) related to RSU vesting.
- Also on August 27, 2025, 266 shares were disposed of at a price of $80.67 per share to cover tax obligations incident to the vesting of securities.
- Following these transactions, Tregillis beneficially owns 150,874 shares of common stock directly.
- Additionally, 181.8051 dividend equivalent rights were converted into common stock on August 27, 2025.
Sentiment
Score: 7
Explanation: The filing indicates a routine compensation event for an executive, including a significant grant of equity, which is generally positive for aligning interests, offset by a standard tax-related sale.
Positives
- Grant of 16,554 restricted stock units (RSUs) to the Chief Legal Officer, aligning management's interests with shareholders.
- Conversion of dividend equivalent rights into common stock, further increasing equity ownership.
Negatives
- Disposition of 266 shares of common stock at $80.67 to cover tax obligations, resulting in a slight reduction in direct beneficial ownership.
Future Outlook
NA
Industry Context
This filing reports routine insider transactions related to executive compensation and does not provide specific industry-wide context or trends.
Related Party Transactions
- The transactions involve the Chief Legal Officer and Corporate Secretary, Cynthia L. Tregillis, receiving equity compensation from Western Digital Corporation, which is a related party transaction in the context of executive compensation.
Stakeholder Impact
- Shareholders: The grant of restricted stock units to an executive aligns management's interests with those of shareholders, potentially encouraging long-term value creation.
- Employees: Reflects standard executive compensation practices within the company.
Key Dates
| Date | Description |
|---|---|
| 08/26/2025 | Grant of 16,554 restricted stock units (RSUs) to Cynthia L. Tregillis. |
| 08/27/2025 | Conversion of 1 share of common stock from dividend equivalent rights (DERs) and conversion of 1.1421 DERs. |
| 08/27/2025 | Disposition of 266 shares of common stock at $80.67 for tax withholding. |
| 08/28/2025 | Date of filing of the Form 4. |
Keywords
Western Digital, WDC, Insider Trading, Form 4, Restricted Stock Units, RSU, Dividend Equivalent Rights, DER, Executive Compensation, Cynthia Tregillis
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