ENGEL JOHN 4
4 · WESCO INTERNATIONAL INC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Wesco (WCC) CEO John Engel Exercises Awards, Sells Shares
What Happened
- John Engel, Chairman, President & CEO of Wesco International (WCC), exercised 165,434 stock awards/options on May 5, 2026 (72,541 at $54.64 and 92,893 at $48.32). The reported exercise-related cash amounts totaled roughly $8.45M.
- All 165,434 shares acquired were immediately disposed: 79,440 shares were sold in open-market transactions on May 6 for aggregate proceeds of about $28.50M; 61,885 shares were surrendered to cover tax liabilities (valued at ~$21.70M); and 24,109 shares were returned/disposed to the issuer (valued at ~$8.45M). The filings also record the derivative instruments as converted/settled.
Key Details
- Dates: Exercises/Conversions on 2026-05-05; open-market sales on 2026-05-06. Form 4 filed 2026-05-07 (timely within the 2-business-day window).
- Exercise breakdown: 72,541 shares @ $54.64 (acquired for $3,963,640); 92,893 shares @ $48.32 (acquired for $4,488,590).
- Dispositions: 24,109 shares to issuer @ $350.59 (=$8,452,374); 61,885 shares surrendered for tax liability @ $350.59 (=$21,696,262); 79,440 shares sold in multiple open-market trades totaling ~$28,499,178 (see footnotes for price ranges).
- Shares owned after transaction: Not stated in the filing.
- Notable footnotes: F10 & F11 indicate the awards (Stock Appreciation Rights) vested in installments starting Feb 13, 2019 and Feb 13, 2020; F1–F9 explain weighted-average sale prices and give price ranges for the multiple trades.
- Transaction codes explained: M = exercise/conversion of derivative; S = open-market sale; D = disposition to issuer; F = shares surrendered for exercise price/tax withholding.
Context
- This was effectively a cashless exercise/settlement: Engel exercised awards and the full amount of shares received were immediately disposed via a mix of open-market sales, surrender for taxes, and return to the issuer — i.e., no long-term buy/hold signal is shown by this filing.
- For retail investors: exercises followed by immediate sales are often aimed at liquidity or tax/settlement needs rather than a direct statement about confidence in the stock. The filing is factual and timely; it documents conversion of vested awards and their settlement.
Insider Transaction Report
Form 4
ENGEL JOHN
Chairman, President & CEO
Transactions
- Exercise/Conversion
Common Stock
2026-05-05$54.64/sh+72,541$3,963,640→ 551,486.741 total - Exercise/Conversion
Common Stock
2026-05-05$48.32/sh+92,893$4,488,590→ 644,379.741 total - Disposition to Issuer
Common Stock
2026-05-05$350.59/sh−24,109$8,452,374→ 620,270.741 total - Tax Payment
Common Stock
2026-05-05$350.59/sh−61,885$21,696,262→ 558,385.741 total - Sale
Common Stock
[F1]2026-05-06$353.74/sh−471$166,612→ 557,914.741 total - Sale
Common Stock
[F2]2026-05-06$355.34/sh−5,949$2,113,918→ 551,965.741 total - Sale
Common Stock
[F3]2026-05-06$356.24/sh−6,188$2,204,413→ 545,777.741 total - Sale
Common Stock
[F4]2026-05-06$357.36/sh−21,074$7,531,005→ 524,703.741 total - Sale
Common Stock
[F5]2026-05-06$358.39/sh−4,064$1,456,497→ 520,639.741 total - Sale
Common Stock
[F6]2026-05-06$359.43/sh−10,134$3,642,464→ 510,505.741 total - Sale
Common Stock
[F7]2026-05-06$360.43/sh−18,103$6,524,864→ 492,402.741 total - Sale
Common Stock
[F8]2026-05-06$361.01/sh−12,546$4,529,231→ 479,856.741 total - Sale
Common Stock
[F9]2026-05-06$362.43/sh−911$330,174→ 478,945.741 total - Exercise/Conversion
Stock Appreciation Rights
[F10]2026-05-05−72,541→ 0 totalExercise: $54.64Exp: 2029-02-13→ Common Stock (72,541 underlying) - Exercise/Conversion
Stock Appreciation Rights
[F11]2026-05-05−92,893→ 0 totalExercise: $48.32Exp: 2030-02-13→ Common Stock (92,893 underlying)
Footnotes (11)
- [F1]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $353.67 - $353.93. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
- [F10]The Stock Appreciation Rights became exercisable in three (3) equal, annual installments beginning on the first anniversary of the February 13, 2019 grant date.
- [F11]The Stock Appreciation Rights became exercisable in three (3) equal, annual installments beginning on the first anniversary of the February 13, 2020 grant date.
- [F2]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $354.82 - $355.79. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
- [F3]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $355.84 - $356.81. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
- [F4]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $356.84 - $357.83. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
- [F5]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $357.84 - $358.83. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
- [F6]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $358.86 - $359.85. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
- [F7]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $359.91 - $360.87. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
- [F8]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $360.91 - $361.89. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
- [F9]Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $361.92 - $362.73. Upon request by the SEC, the Issuer or a stockholder of the Issuer, complete information regarding the number of shares sold at each price within the range will be provided.
Signature
/s/ Michele Nelson, as Attorney-in-Fact|2026-05-07