Western Digital CFO Receives Dividend Equivalent Rights
WESTERN DIGITAL CORP
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Filing Summary
Western Digital Corp ($WDC) Form 4 Filing Update
Insider: Kris Sennesael (Chief Financial Officer) Transaction Date: September 17, 2026 Type: Acquisition (Award/Accrual) Security: Dividend Equivalent Rights Amount: 46.5075 units @ $0.00 Total Value: $0.00 Ending Balance: 490.8297 units Significance: Low (Routine accrual on existing RSUs)
Comprehensive Analysis
Executive Summary
On September 21, 2026, Western Digital Corp ($WDC) filed a Form 4 on behalf of Chief Financial Officer Kris Sennesael. The filing reports the routine accrual of 46.5075 dividend equivalent rights on September 17, 2026, associated with previously awarded restricted stock units (RSUs).
Transaction Breakdown
- Insider: Kris Sennesael, Chief Financial Officer
- Security: Dividend Equivalent Rights (underlying: Common Stock)
- Transaction Code: 'A' (Grant, award, or other acquisition)
- Volume: 46.5075 rights
- Execution Price: $0.00
- Post-Transaction Holdings: 490.8297 derivative units held directly
- Footnote Context: Dividend equivalent rights accrued automatically on outstanding RSUs and vest concurrently in proportion with the underlying awards. Each unit represents the contingent right to receive one share of common stock or its cash equivalent.
Market Impact & Trading Significance
The trading significance of this filing is Low. This transaction does not represent discretionary buying or selling in the open market, but rather a standard, automated accrual of dividend equivalents tied to existing executive equity compensation grants.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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