New York, February 28, 2026, 13:05 (EST) — The session has wrapped with markets now closed.
- Western Digital ended Friday at $279.70, slipping 0.9%.
- SEC Form 4 filings indicate the company’s chief legal officer unloaded 214 shares, with additional shares withheld to cover taxes.
- Eyes are on the investor conference set for March 3, with the ex-dividend date landing two days later on March 5.
Western Digital (WDC.O) slipped 0.9% to close at $279.70 on Friday. After the bell, the stock barely budged.
Shares are coming off a 2.99% slide from Thursday, dragging down Seagate and NetApp as well. What’s making this pullback notable right now: new insider filings have just landed, and the calendar is packed with corporate events in the near term.
Chief Legal Officer Cynthia L. Tregillis offloaded 214 shares at $286.11 each on Feb. 26, according to a Form 4 posted late Friday with the U.S. Securities and Exchange Commission. The document also notes 770 shares were set aside to pay taxes on vesting. The transaction, the filing says, took place under a Rule 10b5-1 trading plan—essentially a pre-arranged schedule for insider trades.
Back on Feb. 26, a separate Form 144 notice popped up, signaling the planned sale in advance. The filing named Morgan Stanley Smith Barney as the broker and pegged the shares’ market value near $61,228. Form 144 is what insiders use to notify the SEC before dumping restricted or control stock under Rule 144.
Western Digital management is due on deck March 3 for Morgan Stanley’s Technology, Media & Telecom conference. The company announced it will webcast the session.
Keep an eye on March 5—Western Digital’s ex-dividend date is coming up fast. Investors need to hold shares by then to qualify for the 12.5-cent quarterly payout, scheduled for March 18.
Western Digital has been sharpening its attention on hard-disk drives after spinning off Sandisk, its old flash memory division. Earlier this month, the company announced plans to sell a portion of its remaining Sandisk shares for $3.17 billion, aiming to reduce debt.
The company stepped up its reliance on buybacks, tacking on another $4 billion to its repurchase program in early February. Executives cited demand from AI server builds as a driving force.
Still, there’s pressure on the downside. Storage remains a cyclical play, and if cloud demand wobbles or pricing slips, sentiment could turn fast at these prices. Simply Wall St’s most-watched valuation story pegs fair value at $187 a share—a significant gap under where the stock’s been trading.
Once trading kicks off Monday, eyes turn to see if the stock finds its footing after last week’s drop. The next slot for management to speak publicly: March 3.
