Tan Irving 4
4 · WESTERN DIGITAL CORP · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Western Digital (WDC) CEO Tan Irving Converts RSUs, 1,042 Shares Withheld
What Happened Tan Irving, CEO of Western Digital Corporation, had dividend-equivalent rights converted and restricted stock units (RSUs) vest on March 20, 2026. That conversion/vesting resulted in a total of about 98.344 shares (49.000 shares acquired and 49.344 shares converted/disposed at $0.00). To satisfy tax withholding obligations, 1,042 shares were withheld/disposed at $293.10 per share, totaling approximately $305,410. The conversions show $0.00 exercise price, indicating a conversion/settlement rather than a cash option purchase.
Key Details
- Transaction date: March 20, 2026; Form filed March 24, 2026.
- Conversion/vesting: 49.000 shares acquired @ $0.00 and 49.344 shares converted/disposed @ $0.00 (total ~98.344 shares).
- Tax withholding: 1,042 shares withheld/disposed @ $293.10 = $305,410 (reported as code F — tax withholding).
- Footnotes: F1 — dividend-equivalent rights converted one-for-one into shares; a cash payment settled the fractional dividend-equivalent. F2 — withholding of shares to pay tax obligations incident to vesting.
- Shares owned after the transaction: not specified in the filing excerpt provided.
- Filing timeliness: transaction reported on a Form 4 filed 4 days after the transaction date; no late-filing flag is provided in the excerpt.
Context This filing reflects routine vesting/conversion of RSUs and related dividend-equivalent rights, with shares withheld to cover taxes — a common administrative sale rather than a market-timing sale. The $0.00 amounts on the conversion lines indicate conversion/settlement rather than a paid option exercise. For retail investors, such withholding transactions are standard and do not necessarily indicate the CEO is reducing a position for investment reasons.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-20+49→ 619,192 total - Tax Payment
Common Stock
[F2]2026-03-20$293.10/sh−1,042$305,410→ 618,150 total - Exercise/Conversion
Dividend Equivalent Rights
[F1]2026-03-20−49.344→ 948.844 total→ Common Stock (49.344 underlying)
Footnotes (2)
- [F1]The dividend equivalent rights were converted into, and paid in the form of, shares of the Issuer's common stock on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalent rights relate. A cash amount was also paid to the holder to settle a fractional dividend equivalent right.
- [F2]Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).