Feller Brad 4

What Happened

• Brad Feller, Senior Vice President and Chief Accounting Officer of Western Digital (WDC), was granted 4.065 dividend-equivalent rights on March 18, 2026. The award is recorded as a derivative acquisition (transaction code A) at $0.00; no cash purchase or sale occurred.
• These dividend-equivalent rights are contingent rights that accrue on previously awarded restricted stock units (RSUs) and vest in proportion to those RSUs. They represent the right to receive one share of WDC common stock (or the cash value) when they vest.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-19 (timely; within SEC reporting window).
• Transaction type/code: Grant/Award (A) of dividend-equivalent rights tied to RSUs; reported acquisition amount: 4.065 units at $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Dividend equivalent rights accrue on previously awarded RSUs and vest proportionately; each right converts to one common share or cash at vesting.

Context

• This was an award of dividend-equivalent rights on existing RSUs, not an open-market purchase or sale—so it does not directly signal buying or selling activity by the insider.
• Such dividend-equivalent grants are routine compensation adjustments and typically convert to shares or cash when the underlying RSUs vest.