NAGARAJAN SUNDARAM 4
Research Summary
AI-generated summary
WESCO (WCC) Director Nagarajan Sundaram Receives Awards
What Happened
- Nagarajan Sundaram, a non-employee director of WESCO International (WCC), was granted awards on 2026-03-31: 13.143 dividend-equivalent rights (DERs) and 28.552 deferred share units (DSUs). The DSUs were valued at $273.62 each (28.552 × $273.62 = $7,812). The DERs are reported with an acquisition price of $0 (they represent accrued dividend equivalents on RSUs).
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely).
- Grants reported:
- 13.143 DERs — reported at $0.00 (Footnote F1: dividend equivalents tied to underlying RSUs).
- 28.552 DSUs — reported at $273.62 per share for a total of $7,812 (Footnote F2: deferred share units under the non-employee director deferred comp plan).
- Transaction code: A = Award/Grant (non-cash compensation), not an open-market purchase or sale.
- Shares owned after the transaction: not disclosed in the provided filing.
Context
- DERs and DSUs are compensatory awards for directors: DERs track dividends on underlying RSUs and vest with those awards; DSUs are deferred compensation convertible to stock on the elected payout schedule. These are routine director compensation actions and do not represent a market purchase or sale.