Carter Michael Lonon 4
4 · WESCO INTERNATIONAL INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
WESCO (WCC) Director Carter Lonon Receives Award of 1.204 Shares
What Happened
Carter Michael Lonon, a director of WESCO International, was credited with 1.204 shares as an award/acquisition on March 31, 2026. The Form 4 reports the shares were acquired at $0.00 (total reported value $0), reflecting dividend-equivalent rights credited in connection with his restricted stock units (RSUs) rather than an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-03-31 — Grant/Award (code A).
- Price reported: $0.00 per share; total reported consideration: $0.
- Shares reported: 1.204 shares acquired.
- Shares owned after transaction: not disclosed in the filing.
- Footnote: These are dividend equivalent rights (DERs) accrued on RSUs; each DER equals the economic value of one share and vests on the same schedule as the underlying RSUs.
- Filing timeliness: Form filed 2026-04-02, within the typical Form 4 reporting window for a 2026-03-31 transaction.
Context
Dividend-equivalent rights (DERs) are payments (here credited as fractional share equivalents) tied to dividends on underlying RSUs; they are administrative/compensation credits and do not represent an open-market trade or a sale. Such awards are routine compensation-related issuances and should be interpreted as part of equity compensation, not an independent buy or sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-31+1.204→ 660.204 total
Footnotes (1)
- [F1]Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person. Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award.