Tregillis Cynthia L 4

What Happened

• Cynthia L. Tregillis, Chief Legal Officer and Corporate Secretary of Western Digital Corp (WDC), was granted 40.707 dividend-equivalent rights on 2026-03-18. The Form 4 reports an acquisition (code A) of 40.707 units at $0.00 per unit (total reported value $0). The filing classifies these as derivative rights rather than direct stock purchases.

Key Details

• Transaction date and type: 2026-03-18 — Award/Grant (code A), reported on Form 4 filed 2026-03-19 (timely filing).
• Price: $0.00 per unit; total reported value $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: These are dividend equivalent rights that accrued on previously awarded RSUs and vest proportionately with those RSUs. Each right is a contingent claim to one share of common stock or its cash value (see footnote F1).
• No 10b5‑1 plan, tax-withholding sale, or option exercise is indicated in this filing.

Context

• Dividend-equivalent rights are derivative awards tied to existing restricted stock units (RSUs); they do not represent immediate market purchases or sales. They typically convert to shares (or cash) when the underlying RSUs vest, so this award is a compensation-related grant rather than an active bullish or bearish trading signal.