WDC Chief Sales & Marketing Officer Brian Davis Exercises Shares

What Happened

Brian Scott Davis, Western Digital (WDC) Chief Sales & Marketing Officer, had derivative awards converted/vested and a tax-withholding disposition reported. Transactions include small conversions/awards (totaling ~33.583 derivative shares across entries) and the withholding of 963.034 shares to satisfy tax obligations with an indicated aggregate value of $425,045.

• Reported transaction types: A = grant/award (16.811 shares, 9/17), M = exercise/conversion of derivative (8.386 shares acquired 9/20; an M entry also shows 8.386 shares disposed on 9/20), and F = payment of tax liability by withholding (963.034 shares disposed 9/20).
• The withholding transaction is reported at $441.36 per share for a total of $425,045.

Key Details

• Transaction dates: grant 2026-09-17; conversions/withholding 2026-09-20. Form 4 filed 2026-09-21.
• Reported values: 963.034 shares withheld for taxes valued at $425,045 (listed at $441.36 per share).
• Shares owned after the transactions: not provided in the supplied data.
• Notable footnotes:
  • Dividend equivalent rights were converted and paid in common shares one-for-one when related RSUs vested; a cash payment was made for fractional dividend equivalents (F1, F3).
  • The tax obligation was satisfied via withholding of shares under Rule 16b-3(e) (F2).
• Filing timeliness: Form filed on 2026-09-21 for transactions through 2026-09-20; no late-filing indicator shown.

Context

• This appears to be a routine vesting/conversion event and tax-withholding rather than an open-market sale or new purchase. Withholding of shares to satisfy taxes is common when restricted stock units or dividend equivalents vest.
• “M” entries indicate exercise/conversion of derivative rights; “F” indicates shares surrendered/withheld to cover tax liabilities. These actions are administrative and do not necessarily signal a change in insider sentiment.