Key insights
- Western Digital's Chief Legal Officer sold $136,883 in stock and disposed of shares worth $489,335 for tax obligations. The sales occurred as WDC shares trade near their 52-week high, having rallied significantly over the past year and are considered overvalued by some metrics. S&P Global Ratings upgraded Western Digital’s rating to ’BBB-’ due to debt reduction.
Cynthia L Tregillis, Chief Legal Officer and Corporate Secretary at Western Digital Corp (NASDAQ:WDC), recently reported transactions involving the company’s common stock. The filings indicate a sale of shares totaling $136,883 and a disposition of shares for tax obligations valued at $489,335.The insider transactions come as Western Digital shares trade at $389.10, near their 52-week high of $402, following an extraordinary rally that has delivered a 965% return over the past year. The stock currently trades above InvestingPro’s Fair Value estimate, placing it among overvalued stocks. For deeper insights into WDC’s valuation and performance metrics, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
On April 21, 2026, Ms. Tregillis sold 363 shares of Western Digital common stock at a price of $377.09 per share, totaling $136,883. This sale was executed pursuant to a Rule 10b5-1 trading plan, which Ms. Tregillis adopted on May 23, 2025.
Additionally, on April 20, 2026, Ms. Tregillis disposed of 1,308 shares of common stock. This disposition was for the payment of tax obligations incident to the vesting of securities, at a price of $374.11 per share, totaling $489,335.
Also on April 20, 2026, Ms. Tregillis acquired 12 shares of common stock. These shares were converted from dividend equivalent rights on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalent rights relate. A fractional dividend equivalent right was settled in cash.
Following these reported transactions, Ms. Tregillis directly owns 120,023 shares of Western Digital common stock.
In other recent news, Western Digital Corporation has been in the spotlight with several notable developments. S&P Global Ratings upgraded Western Digital’s rating to ’BBB-’ due to the company’s debt reduction efforts and a stable outlook. This comes after Western Digital exchanged 5.8 million shares of Sandisk for debt, continuing its strategy of reducing liabilities. Additionally, Western Digital plans to sell up to 7.5 million shares of Sandisk, as indicated by a recent regulatory filing.
Analysts have also shown optimism about Western Digital’s financial prospects. BofA Securities raised its price target for the company, expecting its third-quarter fiscal 2026 revenue and earnings to surpass guidance. Bernstein SocGen Group upgraded Western Digital to Outperform, citing the selloff in hard disk drive and memory stocks as an opportunity. Meanwhile, Seagate Technology, a competitor in the industry, saw Morgan Stanley increase its price target, highlighting ongoing demand for hard disk drives. These recent developments provide a comprehensive view of the current landscape for Western Digital and its industry peers.
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