WDC Director Cole Martin Receives Dividend-Equivalent Award

What Happened

• Cole Martin, a director of Western Digital Corp. (WDC), was credited with 0.679 derivative shares on 2026-09-17. The award is listed at $0.00 (no cash paid) and reflects dividend-equivalent rights related to previously granted restricted stock units (RSUs). These rights will vest proportionately with the underlying RSUs and convert to shares or cash when the RSUs vest.

Key Details

• Transaction date: 2026-09-17
• Transaction type: Award / acquisition of dividend-equivalent rights (derivative)
• Amount: 0.679 shares; reported price: $0.00; reported monetary value: $0 (derivative)
• Shares owned after transaction: Not disclosed in this filing
• Footnote: Dividend equivalent rights accrued on previously awarded RSUs; each right is a contingent claim to one share or the cash value thereof, and vests along with the related RSUs.
• Filing date/timeliness: Form 4 filed 2026-09-21 (filed within the typical two-business-day window for a 9/17 transaction).

Context

• This was not an open-market purchase or sale but a routine compensation-related accrual tied to existing RSUs. Dividend-equivalent rights are common compensation elements for directors and executives and do not, by themselves, indicate a buy or sell sentiment.