Western Digital (WDC) Chief Sales & Marketing Officer Brian Davis Receives Shares

What Happened

• Brian Davis, Chief Sales & Marketing Officer of Western Digital (WDC), received shares through exercise/conversion of derivatives and vesting-related payments on Aug 20–21, 2026. He acquired 5 shares on Aug 20 and 4 shares on Aug 21 at $0.00 (conversion/vesting).
• To satisfy tax withholding obligations, 716 shares were withheld on Aug 20 at an attributable value of $469.05 per share ($335,840) and 593 shares were withheld on Aug 21 at $459.44 per share ($272,448), for a total of 1,309 shares withheld and approximately $608,288 in tax value.
• The filing also reports conversions/dispositions of fractional derivative amounts (5.737 shares on Aug 20 and 4.753 shares on Aug 21) reported at $0.00, related to dividend-equivalent conversions tied to the vesting (see footnote).

Key Details

• Transaction dates and per-share values:
  • Aug 20, 2026: Acquired 5 shares @ $0.00; 716 shares withheld @ $469.05 (=$335,840).
  • Aug 21, 2026: Acquired 4 shares @ $0.00; 593 shares withheld @ $459.44 (=$272,448).
  • Aug 20 & 21: Disposed/conversion of 5.737 and 4.753 derivative shares @ $0.00 (related to dividend equivalents).
• Total withheld for taxes: 1,309 shares; total value ≈ $608,288.
• Footnotes:
  • F1: Dividend-equivalent rights were converted into shares on a one-for-one basis in connection with RSU vesting; a cash payment settled fractional amounts.
  • F2: Tax obligation satisfied by withholding securities per Rule 16b-3(e) (routine).
• Shares owned after the transactions: not specified in the provided filing data.
• Filing date: Form 4 filed Aug 24, 2026; transactions reported for Aug 20–21, 2026.

Context

• This was not an open-market sale or purchase decision by the insider; it reflects share delivery/vesting and routine tax withholding. Withholding shares to cover taxes is common and does not necessarily signal a buy/sell intent.
• The derivative/vesting entries indicate conversion of awards and dividend-equivalent rights rather than new cash purchases; the withheld "dispositions" are to settle tax liability.