WESCO International Director Accrues Fractional Shares via Dividend Equivalent Rights
WESCO INTERNATIONAL INC
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Filing Summary
Form 4 Alert: WESCO INTERNATIONAL INC ($WCC) Insider: Carter Michael Lonon (Director) Type: Acquisition (Award/DER) Shares: 0.9193 @ $0.00 Total Value: $0.00 Ending Holdings: 662.0791 shares (Direct) Note: Dividend equivalent rights accrued on outstanding RSUs.
Comprehensive Analysis
Executive Summary
On October 2, 2026, WESCO INTERNATIONAL INC ($WCC) filed a Form 4 on behalf of Director Michael Lonon Carter. The filing reports the acquisition of 0.9193 shares of Common Stock on September 30, 2026, at an acquisition price of $0.00 per share.
Transaction Analysis
- Nature of Transaction: The transaction represents dividend equivalent rights (DERs) credited in connection with the company's regular quarterly dividend. The DERs accrued on existing restricted stock units (RSUs) held by the director.
- Significance: Low. This is a routine, non-discretionary corporate action rather than open-market buying or selling. Fractional shares were awarded pursuant to standard equity compensation plan terms.
- Holdings Post-Transaction: Following this accrual, Director Carter directly holds 662.0791 shares of Common Stock.
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