Tan Irving 4

What Happened

• Tan Irving, CEO of Western Digital (WDC), was granted 122.575 dividend-equivalent rights related to previously awarded restricted stock units (RSUs) on 2026-03-18. The award is recorded at $0.00 per share (derivative), so no cash was paid.
• This is an award/vesting-related credit (code A), not an open-market purchase or sale, and does not signal an immediate cash investment or disposition.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-19 (timely).
• Shares/units granted: 122.575 dividend-equivalent rights; price reported: $0.00 (derivative).
• Shares owned after transaction: not specified in the provided filing extract.
• Footnote: The dividend-equivalent rights accrued on previously awarded RSUs and vest proportionately with those RSUs; each right represents a contingent right to receive one share of common stock or the cash value thereof.
• Transaction type: Award/Grant (A); not an exercise, purchase, sale, or gift.

Context

• Dividend-equivalent rights are contingent and typically convert to shares or cash when the underlying RSUs vest; they are not the same as an immediate stock purchase.
• For retail investors, awards tied to compensation plans are common for executives and are routine corporate compensation, rather than direct indicators of near-term insider buying or selling intentions.