Form 4: Western Digital Officer Reports Stock Transactions

Western Digital's Chief Sales & Marketing Officer, Brian Scott Davis, reported recent transactions involving common stock and dividend equivalent rights.

Summary

• Brian Scott Davis, Chief Sales & Marketing Officer of Western Digital Corp, reported changes in his beneficial ownership of common stock and dividend equivalent rights.
• On September 20, 2025, 5 shares of common stock were acquired at a price of $0.0 per share, resulting from the conversion of dividend equivalent rights tied to vested restricted stock units.
• On the same date, 961 shares of common stock were disposed of at a price of $106.63 per share to cover tax obligations associated with the vesting of securities.
• Following these common stock transactions, direct beneficial ownership of common stock is 135,015 shares.
• On September 18, 2025, 79.7733 dividend equivalent rights were acquired.
• On September 20, 2025, 5.1098 dividend equivalent rights were disposed of due to their conversion into common stock.
• Each dividend equivalent right represents a contingent right to receive one share of the Issuer's common stock or its cash value, accruing on previously awarded restricted stock units.
• Following these derivative transactions, direct beneficial ownership of dividend equivalent rights is 193.8043.

Sentiment

Score: 5

Explanation: The filing details routine insider transactions related to RSU vesting and tax withholding, which are neutral in terms of company-specific news or performance.

Positives

• The acquisition of 5 shares of common stock indicates the vesting and conversion of dividend equivalent rights, which are tied to previously awarded restricted stock units, reflecting a positive outcome for the insider.

Negatives

• The disposition of 961 shares of common stock at $106.63 per share was made to satisfy tax obligations, reducing the insider's direct common stock holdings.

Future Outlook

This Form 4 filing reports past insider transactions and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The transactions represent a minor, routine change in an insider's holdings, with minimal direct impact on the broader shareholder base.
• Employees: The vesting of restricted stock units and associated dividend equivalent rights is a standard component of executive compensation.

Key Dates

Recommendation

The filing details routine insider transactions related to RSU vesting and tax withholding, which do not provide new fundamental information to alter an investment thesis for Western Digital Corp.

Keywords

Western Digital, WDC, Form 4, Insider Trading, Stock Transactions, Brian Scott Davis, Chief Sales & Marketing Officer, Restricted Stock Units, Dividend Equivalent Rights, Beneficial Ownership