Tan Irving 4

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.