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WESTERN DIGITAL CORP·4

Jun 22, 9:16 PM ET

Tan Irving 4

Research Summary

AI-generated summary

Updated

Western Digital (WDC) CEO Tan Irving Exercises Awards, Sells 1,090 Shares

What Happened

  • Tan Irving, CEO of Western Digital (WDC), converted dividend-equivalent rights/awarded RSUs into shares and effected withholding to satisfy tax obligations. The filing shows small derivative conversions on 6/17 and 6/20 and a tax-withholding disposition of 1,090 shares valued at $746.23 each (~$813,391).
  • Specifics reported: Award/convert: 56.501 shares (6/17) at $0.00; Exercise/conversion entries on 6/20 for ~52 and 52.111 shares at $0.00; Tax/payment: 1,090 shares disposed on 6/20 at $746.23 each for $813,391. These were not open-market purchases (no cash outlay to buy stock) — the activity reflects award vesting/conversion and tax withholding (routine, not an investment purchase).

Key Details

  • Transaction dates: 2026-06-17 (grant/award conversion) and 2026-06-20 (exercise/conversion and tax withholding sale).
  • Prices/values: derivative conversions reported at $0.00 per share (typical for RSU/dividend-equivalent conversions); tax-withholding disposition of 1,090 shares at $746.23 each = $813,391 total.
  • Shares owned after transaction: not specified in the excerpt provided in this summary.
  • Footnotes of note:
    • F1/F3: Dividend-equivalent rights accrued on RSUs were converted and paid one-for-one in shares (with cash paid for any fractional share).
    • F2: The 1,090-share disposition reflects withholding of securities to satisfy tax obligations incident to vesting (Rule 16b-3(e)).
  • Filing timing: Report filed 2026-06-22 for transactions dated 6/17 and 6/20. Form 4s are generally required within two business days of a reportable transaction; the 6/17 entry appears to have been reported after that window.

Context

  • These entries reflect award vesting/dividend-equivalent conversions and tax-withholding via share withholding (not discretionary open-market selling by the insider). For retail investors, such activity is typically routine compensation-related housekeeping rather than a direct bullish or bearish signal.
  • Transaction codes: A = Award/grant; M = exercise/conversion of derivative; F = payment of exercise price or tax liability (here, withholding of shares to cover taxes).