'Western Digital' C-Level Executes $3 Billion Stock Sale and RSU Vesting Simultaneously

Western Digital Corp. (NASDAQ: WDC) Chief Commercial and Marketing Officer Brian Scott Davis sold 9,000 shares of common stock on the open market on February 17 under a pre-established Rule 10b5-1 trading plan, generating approximately $2.52 million (₩3.3 billion). His holdings declined from about 131,000 shares to roughly 121,000 shares.

On March 17, Chief Product Officer Shihab Ahmed Mohamed had a portion of his equity converted into common stock upon RSU vesting and the conversion of dividend equivalents, while approximately 20,000 shares were withheld to satisfy tax withholding requirements as part of the standard compensation process. Following these transactions, Mohamed holds around 164,000 shares of common stock and additional derivative dividend rights, some of which he acquired through the employee stock purchase plan.

At its Innovation Day 2026 event in February, Western Digital unveiled a next-generation HDD roadmap designed for the AI era, along with a large-scale storage management software platform. The company’s CEO noted that HDD production capacity for 2026 is effectively fully booked, driven by strong AI and cloud customer demand.

Headquartered in San Jose, California, Western Digital is a storage device company that, after spinning off its flash and SSD business as SanDisk in 2025, has refocused on high-capacity hard drives and cloud storage solutions.

Amid rising AI data center demand, Western Digital has been revalued as a pure-play specialist in large-capacity HDDs, with its financial performance and stock price now directly influenced by the AI infrastructure investment cycle.