Schulz David S. 4
Research Summary
AI-generated summary
WESCO (WCC) EVP David S. Schulz Withholds 412 Shares for Taxes
What Happened
- David S. Schulz, EVP (and former CFO) of WESCO International, had 412.545 shares withheld to cover tax withholding on RSUs that vested. The filing shows those shares were disposed at a price of $307.10 per share, for a total value of $126,693. This is a tax-withholding disposition (routine), not a market sale intended as an investment action.
Key Details
- Transaction date: February 16, 2026; Filing date: February 18, 2026 (Form 4 filed timely).
- Price: $307.10 per share; Shares withheld/disposed: 412.545; Total value: $126,693 (reported).
- Transaction type/code: F — tax withholding on vested restricted stock units (RSUs).
- Footnote: Represents tax withholding on RSUs originally granted February 16, 2023.
- Shares owned after transaction: Not specified in the provided Form 4 excerpt.
Context
- This was a tax-withholding event tied to RSU vesting (routine administrative action). Such withholdings are common when equity awards vest and do not necessarily indicate insider sentiment about the stock.