Western Digital CEO Disposes of $1.55M in Stock for Tax Obligations
WESTERN DIGITAL CORP
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Filing Summary
Irving Tan, CEO of Western Digital (WDC), disposed of 3,314 shares of Common Stock valued at approximately $1.55M. This transaction was a tax withholding related to the vesting of securities.
Comprehensive Analysis
On August 26, 2026, Irving Tan, the Chief Executive Officer and a Director of Western Digital Corp, executed several transactions in the company's common stock. The most significant transaction by value was the disposition of 3,314 shares at a price of $468.88 per share, totaling approximately $1.55 million. This was not an open-market sale but a disposition to the company to cover tax liabilities incurred upon the vesting of equity awards, as indicated by the transaction code 'F'.
Concurrent with this, the filing also reports the acquisition of 16,548 restricted stock units (RSUs) on August 25, which represent a contingent right to receive shares in the future. Additionally, smaller acquisitions of 32 and 42 shares resulted from the conversion of dividend equivalent rights tied to vesting RSUs.
Following all reported transactions, Mr. Tan directly owns 379,147 shares and indirectly owns 209,000 shares through a personal investment company, for a total of 588,147 shares. The disposition is a routine part of executive compensation and does not necessarily reflect a change in the insider's outlook on the company. The grant of new RSUs is a forward-looking incentive.
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