Western Digital (WDC) SVP Brad Feller Receives Award

What Happened

• Brad Feller, SVP, Global Accounting & Chief at Western Digital (WDC), was granted 4.242 dividend-equivalent rights tied to previously awarded restricted stock units (RSUs) on 2026-09-17. The acquisition is reported as a derivative award at $0.00 (no cash paid at grant); the rights represent contingent claims to shares or cash value when they vest.

Key Details

• Transaction date: 2026-09-17; Filing date (Form 4): 2026-09-21 (filed within the required reporting window).
• Transaction type/code: Award/Grant (A); Derivative instrument.
• Shares/rights granted: 4.242 dividend-equivalent rights; reported price: $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The dividend-equivalent rights accrue on previously awarded RSUs and vest proportionately with those RSUs; each right represents a contingent right to one share of common stock or cash (see footnote F1).
• No indication of a 10b5-1 plan, sale, purchase, or tax withholding in the provided details.

Context

• Dividend-equivalent rights are compensation-related and convert to shares or cash when the associated RSUs vest; they are not an open‑market purchase or sale. Such awards are routine executive compensation and should not be interpreted alone as a direct buy/sell signal.