Western Digital (WDC) CEO Tan Irving Exercises Options, Sells Shares

What Happened
Tan Irving, CEO of Western Digital (WDC), had restricted stock units (RSUs) vest and related dividend equivalents converted to shares. He received a grant/award of 16,548 RSUs and converted small derivative amounts (32 and 42 shares). To satisfy tax withholding on the vesting, a total of 3,790 shares were surrendered/disposed (476 shares at $450.75 and 3,314 shares at $468.88) for approximately $1,768,425 in proceeds (used to pay taxes/withholding).

Key Details

• Transaction dates: Aug 25, 2026 and Aug 26, 2026; Form 4 filed Aug 27, 2026 (timely filing).
• Withholding disposals: 476 shares @ $450.75 = $214,557; 3,314 shares @ $468.88 = $1,553,868; total ≈ $1,768,425.
• Acquisitions: 16,548 RSUs granted (each RSU = right to one share) and conversion/exercise of small derivative amounts (32 and 42 shares reported as exercises/conversions at $0.00).
• Footnotes: dividend equivalents were converted and paid one-for-one in shares on vesting (F1); tax withholding satisfied by surrendering shares (F3); Reporting Person transferred 209,000 shares to a personal investment company earlier (F2) — that transfer was a change in form of ownership exempt under Rule 16a-13.
• Shares owned after the transactions were not specified in the provided summary of the Form 4.

Context

• This looks like routine equity compensation activity: RSUs vested and Irving satisfied tax withholding by surrendering a portion of the vested shares (a common, non-market-sale mechanism).
• The disposals were to cover taxes (F code) rather than open-market sales — not necessarily a bearish signal.
• For clarity: M = exercise/conversion of derivative, A = grant/award, F = payment of exercise price or tax liability (withholding).