The insider sales are negligible in size and follow a strong earnings beat — no bearish signal. The CEO's derivative exercise and tax withholding are routine non-cash events. Monitor for any larger insider sales in coming weeks, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Two WCC insiders, including the CEO, sold a total of $830K in open-market sales on May 6, 2026, one day after the CEO exercised and surrendered derivatives in non-cash transactions totaling $34.1M. The sales come just 7 days after a record Q1 earnings beat (revenue +14% YoY, adjusted EPS +52.5%) and a raised 2026 outlook. The open-market sales represent only ~0.005% of WCC's $17.7B market cap — trivial in size and likely routine portfolio diversification following the CEO's derivative exercise.
Key Financial Metrics
Key Facts
- CEO John Engel sold 471 shares ($167K) in open market on May 6, 2026
- EVP & Former CFO David Schulz sold 1,850 shares ($663K) in open market on May 6, 2026
- CEO exercised 72,541 derivative shares at $0 and 72,541 at $54.64 on May 5, 2026 (non-cash events)
- CEO surrendered 61,885 shares for tax withholding ($21.7M) and disposed 24,109 shares to issuer ($8.5M) on May 5, 2026
- Total open-market sales of $830K represent ~0.005% of WCC's $17.7B market cap
- Q1 2026 earnings released April 30 showed record sales of $6.1B (+14% YoY), adjusted EPS of $3.37 (+52.5%), and raised full-year guidance
Financial Impact
Open-market sales of $830K are immaterial relative to $17.7B market cap (0.005%). Non-cash derivative exercises and tax withholdings total $34.1M but have zero economic value.
Risk Factors
- CEO's derivative exercise could precede additional open-market sales in future windows
- Macroeconomic uncertainty noted in earnings release may weigh on forward guidance execution
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WCC-1778190332558 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Press Release | $336.42 $364.67 | ▲ +8.40% | ▲ +8.14% | $381.73 (+13.47%) |
Aug 19, 2026 6w ago | Insider Cluster | $338.09 $344.15 | ▲ +1.79% | ▲ +1.79% | $381.73 (+12.91%) |
Jul 9, 2026 12w ago | Press Release | $328.91 $371.77 | ▲ +13.03% | ▲ +10.79% | $381.73 (+16.06%) |
May 6, 2026 21w ago | Insider Cluster | $363.12 $374.52 | ▲ +3.14% | ▲ +0.36% | $381.73 (+5.13%) |
May 5, 2026 21w ago | 144 | $363.12 $374.52 | ▲ +3.14% | ▲ +0.36% | $381.73 (+5.13%) |
May 5, 2026 21w ago | Insider Cluster | $350.59 $371.61 | ▲ +6.00% | ▲ +1.04% | $381.73 (+8.88%) |
May 5, 2026 21w ago | Insider Cluster | $350.59 $371.61 | ▲ +6.00% | ▲ +1.04% | $381.73 (+8.88%) |
Feb 25, 2026 31w ago | 8-K | $296.78 $276.76 | ▼ −6.75% | ▼ −1.51% | $381.73 (+28.62%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access