Western Digital Director Receives Routine Dividend Equivalent Rights
WESTERN DIGITAL CORP
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Filing Summary
Western Digital Corp ($WDC) Form 4 Filing Insider: Bruce E. Kiddoo (Director) Transaction: Acquisition of 0.5617 Dividend Equivalent Rights at $0.00 Total Value: $0.00 Post-Transaction Holdings: 2.6783 rights Significance: Low (routine dividend accrual on existing RSUs)
Comprehensive Analysis
Executive Summary
On September 21, 2026, Western Digital Corp ($WDC) filed a Form 4 detailing an acquisition by Director Bruce E. Kiddoo on September 17, 2026. The transaction involves the accrual of 0.5617 Dividend Equivalent Rights credited on existing restricted stock units (RSUs).
Transaction Details
- Security: Dividend Equivalent Rights (convertible to Common Stock)
- Transaction Code:
A(Grant/Award) - Shares Acquired: 0.5617
- Price: $0.00
- Post-Transaction Balance: 2.6783 derivative rights
- Nature of Ownership: Direct
Filing Context & Market Impact
As noted in the filing, these dividend equivalent rights accrued on previously awarded RSUs and vest proportionately with the underlying RSUs. This is an automatic, routine corporate action resulting from dividend distribution and carries low market significance.
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