Form 4: Western Digital SVP Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Gene M. Zamiska, SVP & Principal Accounting Officer of Western Digital, sold shares of common stock to cover tax obligations and under a pre-arranged 10b5-1 trading plan.

Summary

• Gene M. Zamiska, SVP & Principal Accounting Officer of Western Digital, reported transactions involving the company's common stock.
• On May 20, 2024, 221 shares were disposed of to cover tax obligations at a price of $73.05 per share.
• On May 21, 2024, 416 shares were sold at a price of $71.88 per share under a Rule 10b5-1 trading plan.
• Following these transactions, Zamiska directly owns 30,321 shares of Western Digital common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales for tax obligations and a pre-arranged trading plan, which is a normal course of business.

Industry Context

Insider trading activity is always closely watched by investors. Sales under 10b5-1 plans are generally viewed as less concerning than discretionary sales, as they are pre-arranged.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates