Hemant Porwal - 16 Feb 2023 Form 4 Insider Report for WESCO INTERNATIONAL INC (WCC)

Role
EVP Supply Chain & Operations
Signature
/s/ Michele Nelson, as Attorney-in-Fact
Issuer symbol
WCC
Transactions as of
16 Feb 2023
Net transactions value
-$649,086
Form type
4
Filing time
21 Feb 2023, 19:10:38 UTC
Previous filing
14 Feb 2023
Next filing
04 Apr 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 +1,018 +4% $0.000000 26,334 16 Feb 2023 Direct F1, F2
transaction WCC Common Stock Award $0 +8,278 +31% $0.000000 34,612 16 Feb 2023 Direct F3
transaction WCC Common Stock Tax liability $619,056 -3,600 -10% $171.96 31,012 16 Feb 2023 Direct F4
transaction WCC Common Stock Tax liability $30,030 -178 -0.57% $168.71 30,834 17 Feb 2023 Direct F5
holding WCC Series A Preferred Stock 2,000 16 Feb 2023 by Joint Account

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 +2,327 $0.000000 2,327 16 Feb 2023 Common Stock 2,327 $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 1,018 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 1,018 newly awarded RSUs, 10,474 previously reported RSUs and 14,842 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.