Western Digital CLO Receives Routine Dividend Equivalent Rights
WESTERN DIGITAL CORP
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Filing Summary
Western Digital Corp (WDC) - Form 4 Filing
Insider: Cynthia L Tregillis (Chief Legal Officer & Corp Sec)
Transaction: Dividend Equivalent Rights Accrual
Date: 2026-09-17
Shares: 27.38 @ $0.00
Total Value: $0.00
Post-Transaction Holdings: 297.8619
Significance: Low (Routine RSU dividend accrual)
Comprehensive Analysis
Executive Summary
On September 21, 2026, Western Digital Corp ($WDC) filed a Form 4 disclosing that Cynthia L. Tregillis, Chief Legal Officer and Corporate Secretary, acquired 27.38 Dividend Equivalent Rights on September 17, 2026. This transaction carries Low trading significance as it represents an automatic accrual on previously awarded restricted stock units (RSUs) rather than open-market activity.
Transaction Details
- Security: Dividend Equivalent Rights (convertible into Common Stock)
- Shares Acquired: 27.38
- Price Per Share: $0.00
- Total Value: $0.00
- Shares Owned Post-Transaction: 297.8619
Analytical Context
According to the footnotes, these dividend equivalent rights accrued on previously awarded RSUs and vest proportionately with the underlying RSUs. Each right represents a contingent entitlement to receive one share of common stock (or cash equivalent). Because this is an automatic corporate action pursuant to existing equity incentive awards, it does not indicate discretionary insider sentiment.
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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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