Wesco International ($WCC) CFO Indraneel Dev and Chief Human Resources Officer Anthony Marino purchased approximately $603,430 of company stock on November 5–6, according to filings released November 9. The purchases followed the distributor’s October 29 earnings report, which showed record quarterly sales and a 55% increase in data-center revenue.
- Dev bought 1,725 shares at $291.90 each for $503,528, increasing his directly held position to approximately 18,621 shares.
- Marino bought 341 shares at $292.97 each for $99,903, bringing his directly held position to approximately 1,363 shares.
- Both filings also disclosed separate option grants matching the number of shares purchased, vesting over three years. Dev’s employment agreement provides for matching options on qualifying first-year purchases.
- Shares rebounded 8.13% to $316.47 on November 9, above both executives’ purchase prices.
- Third-quarter sales rose 17% to $7.2 billion, while adjusted earnings increased 47% to $5.77 per share.
- Data-center sales reached $1.8 billion, and total backlog increased approximately 80% year over year. Wesco raised its 2026 outlook.
Relevant Companies
- Wesco International ($WCC): Two senior executives increased their shareholdings.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
