Western Digital Director Martin I. Cole Receives Routine Dividend Equivalent Rights

Transaction Summary

On September 21, 2026, Western Digital Corp ($WDC) filed a Form 4 disclosing that Director Martin I. Cole acquired 0.6786 Dividend Equivalent Rights on September 17, 2026, at an acquisition price of $0.00 per share.

Following this transaction, Cole directly holds 3.2359 dividend equivalent rights.

Transaction Details

• Security: Dividend Equivalent Rights (convertible into Common Stock on a 1-for-1 basis or cash value equivalent)
• Transaction Code: A (Grant, award, or other acquisition)
• Shares Acquired: 0.6786
• Price per Share: $0.00
• Total Consideration: $0.00
• Nature of Ownership: Direct

Footnote Insights

• Footnote 1: The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and vest proportionately with the underlying RSUs. Each right represents a contingent right to receive one share of common stock or the equivalent cash value upon vesting.

Market & Trading Significance

This transaction represents a routine, automated accrual of fractional dividend equivalent rights associated with preexisting equity awards. Because it involves neither open-market buying nor selling and represents an immaterial fractional quantity, it carries Low trading significance and does not reflect a discretionary sentiment shift by company leadership.