Roxanne Oulman Accrues Dividend Equivalent Rights in Western Digital Corp ($WDC)

Executive Summary

On September 21, 2026, Western Digital Corp ($WDC) filed a Form 4 reporting a transaction by Director Roxanne Oulman. On September 17, 2026, Oulman acquired approximately 0.5617 Dividend Equivalent Rights at $0.00 per share, resulting in a post-transaction derivative holding of 2.6783 rights.

Transaction Details

• Reporting Person: Roxanne Oulman
• Role: Director
• Security: Dividend Equivalent Rights (convertible into Common Stock)
• Transaction Code: A (Grant, award, or other acquisition)
• Quantity: 0.5617 units
• Price: $0.00
• Ownership Nature: Direct
• Total Holdings After Transaction: 2.6783 units

Context & Interpretation

According to the footnote disclosures, these dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) pursuant to the company's equity incentive compensation program. Each dividend equivalent right represents a contingent right to receive one share of common stock (or cash value) upon vesting alongside the underlying RSUs.

Because this transaction represents a routine and automatic accrual of fractional dividend equivalents rather than an open-market purchase or discretionary option exercise, it does not convey directional sentiment regarding Western Digital's operational trajectory or valuation.