Western Digital (WDC) Director Bruce Kiddoo Receives Award

What Happened

• Bruce E. Kiddoo, a director of Western Digital Corporation (WDC), was granted 0.562 dividend-equivalent rights tied to previously awarded restricted stock units (RSUs) on 2026-09-17. The award is recorded as a derivative grant (code A) at $0.00, so no cash value was reported in the filing.
• This is an award of dividend equivalents that vest proportionately with the underlying RSUs — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-17; reported on Form 4 filed 2026-09-21 (filed within the SEC’s 2-business-day window).
• Transaction type: Award/Grant (derivative); amount: 0.562 dividend-equivalent rights; price per share: $0.00; total reported value: $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Dividend-equivalent rights accrue on previously awarded RSUs and vest proportionately with those RSUs. Each right represents a contingent entitlement to one share of common stock or the cash value thereof.

Context

• Dividend-equivalent RSU awards are typically a non-cash benefit that track dividends on underlying RSUs; they do not indicate an additional cash investment by the insider.
• These awards are common compensation practice for directors and executives and should be viewed as compensation-related, not a buy/sell signal.