ENGEL JOHN 4

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.