Form 4: Western Digital SVP Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Gene M. Zamiska, SVP & Principal Accounting Officer of Western Digital, sold 315 shares of common stock at $63.32 per share on August 29, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On August 29, 2024, Gene M. Zamiska, the SVP & Principal Accounting Officer of Western Digital Corp, sold 315 shares of the company's common stock.
- The sale was executed at a price of $63.32 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on December 1, 2023.
- Following the transaction, Zamiska directly owns 35,915 shares of Western Digital common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Insider sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of trading on material non-public information. The market typically views these sales in the context of the overall trading volume and the individual's holdings.
Key Dates
| Date | Description |
|---|---|
| 2023-12-01 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-08-29 | Date of stock sale transaction |
| 2024-08-30 | Date of Form 4 filing |
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