Davis Brian Scott 4
4 · WESTERN DIGITAL CORP · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Western Digital (WDC) Chief Sales & Marketing Officer Withholds 881 Shares for Taxes
What Happened
Brian Scott Davis, Western Digital's Chief Sales & Marketing Officer, reported conversion/vesting of derivative awards and withholding of shares to cover tax obligations. On June 3, 2026 he had 881 shares withheld (disposed) at $594.11/share to satisfy taxes, a withholding value of approximately $523,411. The filing also shows small derivative conversions/exercises of ~6 and ~6.683 shares at $0.00 in connection with the vesting/conversion of awards.
Key Details
- Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (timely under Section 16 rules).
- Withholding: 881 shares disposed at $594.11/share for a total of $523,411 (code F — payment of tax liability by withholding).
- Derivative conversion/exercise: reported M-code conversions of ~6.000 shares and ~6.683 shares at $0.00 (conversion of dividend-equivalent rights/vested RSUs).
- Footnotes: F1 — dividend equivalent rights converted one-for-one into common shares at RSU vesting (fraction settled in cash); F2 — includes 132 shares acquired under the ESPP on May 31, 2026; F3 — tax payment via withholding per Rule 16b-3(e).
- Shares owned after the transactions are not specified in the provided excerpt.
Context
This was not an open-market sale but a routine “sell-to-cover”/withholding to satisfy tax liabilities arising from vesting/conversion of awards. Such withholdings are common and do not necessarily signal the executive’s view on the stock. The derivative entries reflect conversion/vesting of awards (not a paid cash purchase).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-03+6→ 103,438 total - Tax Payment
Common Stock
[F3]2026-06-03$594.11/sh−881$523,411→ 102,557 total - Exercise/Conversion
Dividend Equivalent Rights
[F1]2026-06-03−6.683→ 186.16 total→ Common Stock (6.683 underlying)
Footnotes (3)
- [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]Includes 132 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2026.
- [F3]Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).