MASSENGILL MATTHEW E 4

What Happened

• Matthew E. Massengill, a director of Western Digital Corp (WDC), was granted 11.885 derivative shares on 2026-03-18. The grant is reported as an award/acquisition (code A) at $0.00 per share; no cash was paid for these derivative rights.
• This transaction represents dividend equivalent rights related to previously awarded restricted stock units (RSUs), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Form 4 filed 2026-03-19 (timely).
• Amount: 11.885 derivative shares; reported price $0.00 (derivative award).
• Transaction type: A = Award/Grant (derivative security).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Dividend equivalent rights accrue on previously awarded RSUs and vest proportionately with those RSUs (see F1). Each such right is a contingent right to one share or cash equal to its value.

Context

• These are dividend equivalent rights tied to existing RSUs (a common form of executive/board compensation) and vest along with the underlying RSUs—this is routine compensation accounting rather than an investment purchase or sale.
• For retail investors, awards and dividend equivalents typically reflect compensation mechanics; they are less informative about immediate insider sentiment than outright purchases or sales.