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 to cover tax obligations and pursuant to a pre-arranged trading plan.

Summary

• Gene M. Zamiska, SVP & Principal Accounting Officer of Western Digital Corporation, reported transactions involving the company's common stock.
• On March 6, 2025, 1,116 shares were withheld to cover tax obligations at a price of $41.45.
• On March 7, 2025, 1,659 shares were sold at a price of $41.36.
• Following these transactions, Zamiska directly owns 43,776 shares of Western Digital common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 1, 2023.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transactions are related to tax obligations and a pre-arranged trading plan, not necessarily reflecting a change in the executive's view of the company's prospects.

Industry Context

Insider transactions are routinely monitored by investors as they can provide signals, though sales for tax purposes or under pre-arranged plans are common and not necessarily indicative of a negative outlook.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are routine and related to tax obligations and a pre-arranged trading plan.

Key Dates