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Western Digital logoWestern Digital WDC

The company said the Compensation and Talent Committee of its Board of Directors approved pay adjustments for the two executives on May 20, 2024, following its annual review of executive compensation levels.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said the Compensation and Talent Committee of its Board of Directors approved pay adjustments for the two executives on May 20, 2024, following its annual review of executive compensation levels.

  2. Western Digital said the pay adjustments take effect on June 29, 2024. They cover Chief Financial Officer Wissam G. Jabre and Robert W. Soderbery, Executive Vice President and General Manager, Flash.

  3. The company disclosed that Chief Financial Officer Wissam G. Jabre's adjusted annual base salary is $725,000, and his annual long-term incentive (LTI) target is 600% of base salary.

  4. Western Digital said Executive Vice President and General Manager, Flash Robert W. Soderbery's adjusted annual base salary is $750,000, and his annual LTI target is 600% of base salary.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Committee approves pay adjustments on May 20, 2024

The company said the Compensation and Talent Committee of its Board of Directors approved pay adjustments for the two executives on May 20, 2024, following its annual review of executive compensation levels.

Source · Based on the filing body and exhibits

Pay adjustments effective June 29, 2024

Western Digital said the pay adjustments take effect on June 29, 2024. They cover Chief Financial Officer Wissam G. Jabre and Robert W. Soderbery, Executive Vice President and General Manager, Flash.

Source · Based on the filing body and exhibits

Jabre CFO annual base salary $725,000

The company disclosed that Chief Financial Officer Wissam G. Jabre's adjusted annual base salary is $725,000, and his annual long-term incentive (LTI) target is 600% of base salary.

Source · Based on the filing body and exhibits

Soderbery Flash GM annual base salary $750,000

Western Digital said Executive Vice President and General Manager, Flash Robert W. Soderbery's adjusted annual base salary is $750,000, and his annual LTI target is 600% of base salary.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.