Western Digital Director Receives Routine Dividend Equivalent Rights
WESTERN DIGITAL CORP
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Filing Summary
Western Digital Corp ($WDC) Form 4 filing by Director Tunc Doluca reports the routine accrual of 0.5617 Dividend Equivalent Rights at $0.00 on 2026-09-17. Total derivative holdings following the transaction stand at 2.6783 rights.
Comprehensive Analysis
Executive Summary
On September 21, 2026, Western Digital Corp ($WDC) filed a Form 4 disclosing that Director Tunc Doluca acquired 0.5617 Dividend Equivalent Rights on September 17, 2026, at an acquisition price of $0.00 per share.
Transaction Details
- Security: Dividend Equivalent Rights (convertible to Common Stock)
- Transaction Code: A (Grant, award, or other acquisition)
- Shares Acquired: 0.5617
- Price per Share: $0.00
- Post-Transaction Holdings: 2.6783 derivative units
- Ownership Nature: Direct
Filing Context & Significance
According to footnote F1, these 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 cash equivalent upon vesting. This is an automatic, routine accrual of fractional rights associated with regular dividend credits and represents no discretionary market activity or open-market purchasing power, carrying Low trading significance.
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