Nelson John Squires III - Jun 30, 2023 Form 4 Insider Report for WESCO INTERNATIONAL INC (WCC)

Signature
/s/ Michele Nelson, as Attorney-in-Fact
Stock symbol
WCC
Transactions as of
Jun 30, 2023
Transactions value $
-$2,096,492
Form type
4
Date filed
7/5/2023, 09:00 PM
Previous filing
Jun 30, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WCC Common Stock Award $0 +49.7 +0.07% $0.00 69.6K Jun 30, 2023 Direct F1
transaction WCC Common Stock Sale -$628K -3.49K -5.01% $180.00 66.1K Jun 30, 2023 Direct F2
transaction WCC Common Stock Tax liability -$1.47M -8.2K -12.4% $179.06 57.9K Jul 2, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person. Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2023.
F3 Represents tax withholding on the vesting of RSUs that were granted on July 2, 2020.