Form 4: Western Digital SVP Sells 443 Shares Under 10b5-1 Trading Plan

Gene M. Zamiska, SVP & Principal Accounting Officer of Western Digital, sold 443 shares of common stock at $75 per share on April 8, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Gene M. Zamiska, a Senior Vice President and Principal Accounting Officer at Western Digital Corp (WDC), reported a transaction involving the sale of company stock.
• On April 8, 2024, Zamiska sold 443 shares of Western Digital common stock.
• The sale was executed at a price of $75 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 1, 2023.
• Following the transaction, Zamiska directly owns 30,958 shares of Western Digital common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of a pre-planned stock sale by an executive. It doesn't inherently indicate positive or negative news about the company's performance.

Industry Context

This is a routine disclosure of an insider stock sale. It's common for executives to use 10b5-1 plans to avoid accusations of insider trading. The sale itself is unlikely to have a significant impact on the company's stock price unless it signals a larger trend among multiple insiders.

Key Dates