Alexy Kimberly 4
Research Summary
AI-generated summary
WDC Director Alexy Kimberly Receives 0.65-Share Award
What Happened
Alexy Kimberly, a director of Western Digital Corp (WDC), was credited with 0.65 shares on March 18, 2026 as a derivative award (code A) at $0.00. The award represents dividend equivalent rights tied to previously granted restricted stock units (RSUs); no cash was paid for these shares.
Key Details
- Transaction date: 2026-03-18; Form filed 2026-03-19 (timely filing).
- Transaction type/code: Award/Acquisition (A), derivative; 0.65 shares acquired at $0.00 (no cash outlay recorded).
- Reported value on form: $0 (derivative award).
- Footnote: Dividend equivalent rights accrued on prior RSUs and vest proportionately with those RSUs; each right entitles the holder to one share or cash value.
- Shares owned after transaction: not specified in the provided excerpt.
Context
This was a compensation-related award (dividend equivalents from RSUs), not an open-market purchase or sale. Such awards are routine for equity-compensated insiders and do not necessarily indicate a change in the insider’s market view.