JOHN ENGEL - 16 Feb 2023 Form 4 Insider Report for WESCO INTERNATIONAL INC (WCC)

Role
Chairman, President & CEO, Director
Signature
/s/ Michele Nelson, as Attorney-in-Fact
Issuer symbol
WCC
Transactions as of
16 Feb 2023
Net transactions value
-$8,376,939
Form type
4
Filing time
21 Feb 2023, 18:39:48 UTC
Previous filing
14 Feb 2023
Next filing
23 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WCC Common Stock Award $0 +11,340 +3.2% $0.000000 364,095 16 Feb 2023 Direct F1, F2
transaction WCC Common Stock Award $0 +106,582 +29% $0.000000 470,677 16 Feb 2023 Direct F3
transaction WCC Common Stock Tax liability $8,023,998 -46,662 -9.9% $171.96 424,015 16 Feb 2023 Direct F4
transaction WCC Common Stock Tax liability $352,941 -2,092 -0.49% $168.71 421,923 17 Feb 2023 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WCC Stock Options (Right to Buy) Award $0 +25,924 $0.000000 25,924 16 Feb 2023 Common Stock 25,924 $171.96 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received a grant of 11,340 restricted stock units (RSUs) under the Issuer's long-term incentive plan. Each RSU represents a contingent right to acquire one share of Issuer's common stock. The RSUs vest in three equal installments beginning on the first anniversary of the date of grant.
F2 The Reporting Person has reported prior awards of RSUs in Table II of Form 4. The total reported in Column 5 includes 11,340 newly awarded RSUs, 70,565 previously reported RSUs and 282,190 shares of common stock.
F3 Represents shares acquired upon settlement of performance share awards granted on February 13, 2020 under the Issuer's long-term incentive plan. Each performance share award represented a contingent right to receive one share of the Issuer's common stock if the Company achieved specified performance goals during the three-year period ended December 31, 2022.
F4 Represents tax withholding on the settlement of performance share awards granted on February 13, 2020.
F5 Represents tax withholding on the vesting of RSUs that were granted February 17, 2022.
F6 The stock options become exercisable in three equal annual installments beginning on the first anniversary of the date of grant.