WDC Chief Sales & Marketing Officer Brian Davis Sells 882 Shares (Tax Withholding)

What Happened

• Brian Scott Davis, Chief Sales & Marketing Officer at Western Digital (WDC), had 882 shares withheld on Sept 3, 2026 to satisfy tax obligations related to vested awards. The withheld shares were valued at $441.57 each, totaling $389,465. On the same date he also had small derivative conversions recorded (7.000 and 7.058 shares) tied to vesting/conversion activity.

Key Details

• Transaction date: 2026-09-03; Form 4 filed: 2026-09-08 (filed 5 days after the transaction).
• Main disposal: 882 shares withheld at $441.57 per share for taxes, total $389,465 (code F — tax withholding).
• Derivative conversions/exercises: two M-coded entries for ~7.000 and ~7.058 shares at $0.00 (related to conversion/exercise of dividend-equivalent rights or vested RSUs).
• Footnotes:
  • F1: Dividend equivalent rights were converted into shares one-for-one upon RSU vesting; a cash payment settled the fractional share.
  • F2: The 882-share disposal was withholding of shares to pay tax obligations incident to vesting (Rule 16b-3(e)).
• Shares owned after the transactions: not specified in the provided data.
• Timeliness: Form filed five days after the transaction; Form 4s are generally due within two business days (investors may note the timing).

Context

• This activity appears to be routine withholding to satisfy tax liability on vested restricted stock/derivative conversions rather than an open-market sale or a discretionary sale by the insider. Such tax-withholding dispositions are common and do not necessarily indicate a change in the insider’s view of the company.