Tan Irving 4
4 · WESTERN DIGITAL CORP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Western Digital CEO Tan Irving Receives Award; Withholds 425 Shares
What Happened
Tan Irving, CEO of Western Digital (WDC), had restricted stock units/dividend-equivalent rights convert to common shares in connection with vesting. Small derivative conversions (27.000 and 27.017 shares) were recorded at $0.00 per share, and 425 shares were surrendered/withheld to cover tax obligations at $290.95 per share, totaling $123,654. These were not open-market sales but internal conversions and withholding to satisfy taxes.
Key Details
- Transaction date: 2026-02-25; Form filed 2026-02-27 (appears timely).
- Recorded transactions:
- Exercise/conversion (M): 27.000 shares acquired at $0.00 (no cash paid).
- Payment of tax obligation / withholding (F): 425 shares disposed at $290.95 = $123,654.
- Exercise/conversion (M - derivative): 27.017 shares recorded as disposed at $0.00 (related to conversion mechanics).
- Footnotes:
- F1: Dividend equivalent rights were converted and paid in shares on a one-for-one basis upon RSU vesting; a fractional amount was settled in cash.
- F2: The 425-share disposition reflects withholding securities to pay tax obligations under Rule 16b-3(e).
- Shares owned after the transaction: not specified in the provided excerpt.
Context
This appears to be routine vesting-related activity (conversion of dividend equivalents/RSUs) with shares withheld to satisfy tax withholding — not an open-market sale or a directional purchase signal. For derivative entries: “M” denotes exercise/conversion of derivative rights (here, conversion into common stock). The withholding (code “F”) is a standard method executives use to meet tax bills upon vesting.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-25+27→ 622,988 total - Tax Payment
Common Stock
[F2]2026-02-25$290.95/sh−425$123,654→ 622,563 total - Exercise/Conversion
Dividend Equivalent Rights
[F1]2026-02-25−27.017→ 968.482 total→ Common Stock (27.017 underlying)
Footnotes (2)
- [F1]The dividend equivalent rights were converted into, and paid in the form of, shares of the Issuer's common stock on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalent rights relate. A cash amount was also paid to the holder to settle a fractional dividend equivalent right.
- [F2]Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).