Wesco International Inc. Files Definitive Proxy Statement

Ticker: WCC · Form: DEF 14A · Filed: Apr 12, 2024 · CIK: 929008

Wesco International Inc DEF 14A Filing Summary
FieldDetail
CompanyWesco International Inc (WCC)
Form TypeDEF 14A
Filed DateApr 12, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$20,000
Sentimentneutral

Sentiment: neutral

Topics: Wesco International, DEF 14A, Proxy Statement, Executive Compensation, Stock Awards

TL;DR

<b>Wesco International Inc. has filed its Definitive Proxy Statement detailing executive compensation and stock award information for the fiscal year 2023.</b>

AI Summary

WESCO INTERNATIONAL INC (WCC) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for Wesco International Inc. The report covers the fiscal year ending December 31, 2023. It includes details on stock awards, dividends, and forfeited/vested awards for both PEO and Non-PEO members. Data is presented for fiscal years 2023, 2022, 2021, and 2020. The company's principal executive offices are located in Pittsburgh, PA.

Why It Matters

For investors and stakeholders tracking WESCO INTERNATIONAL INC, this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, stock performance, and voting matters ahead of the annual meeting. Understanding the details of stock awards and executive pay can inform shareholder decisions on executive compensation proposals and director elections.

Risk Assessment

Risk Level: low — WESCO INTERNATIONAL INC shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant operational changes that would indicate high risk.

Analyst Insight

Review the executive compensation details and stock award grants to assess alignment with company performance and shareholder interests.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Reporting Period)
  • 2022-12-31 — Prior Fiscal Year End (Comparative Data)
  • 2021-12-31 — Prior Fiscal Year End (Comparative Data)
  • 2020-12-31 — Prior Fiscal Year End (Comparative Data)

Key Players & Entities

  • WESCO INTERNATIONAL INC (company) — Filer
  • 20240412 (date) — Filing Date
  • 2023-12-31 (date) — Fiscal Year End
  • 20240523 (date) — Period of Report
  • PITTSBURGH (location) — Business Address City
  • PA (location) — Business Address State
  • 15219 (postal_code) — Business Address Zip
  • 4124542200 (phone_number) — Business Phone

FAQ

When did WESCO INTERNATIONAL INC file this DEF 14A?

WESCO INTERNATIONAL INC filed this Proxy Statement (DEF 14A) with the SEC on April 12, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by WESCO INTERNATIONAL INC (WCC).

Where can I read the original DEF 14A filing from WESCO INTERNATIONAL INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by WESCO INTERNATIONAL INC.

What are the key takeaways from WESCO INTERNATIONAL INC's DEF 14A?

WESCO INTERNATIONAL INC filed this DEF 14A on April 12, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for Wesco International Inc.. The report covers the fiscal year ending December 31, 2023.. It includes details on stock awards, dividends, and forfeited/vested awards for both PEO and Non-PEO members..

Is WESCO INTERNATIONAL INC a risky investment based on this filing?

Based on this DEF 14A, WESCO INTERNATIONAL INC presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant operational changes that would indicate high risk.

What should investors do after reading WESCO INTERNATIONAL INC's DEF 14A?

Review the executive compensation details and stock award grants to assess alignment with company performance and shareholder interests. The overall sentiment from this filing is neutral.

How does WESCO INTERNATIONAL INC compare to its industry peers?

Wesco International operates in the wholesale distribution of electrical apparatus and equipment, and wiring supplies.

Are there regulatory concerns for WESCO INTERNATIONAL INC?

This filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

Industry Context

Wesco International operates in the wholesale distribution of electrical apparatus and equipment, and wiring supplies.

Regulatory Implications

This filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

What Investors Should Do

  1. Analyze the executive compensation structure and any proposed changes.
  2. Review the details of stock awards granted and their vesting schedules.
  3. Understand the proposals to be voted on at the shareholder meeting.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard proxy statement. No prior filing data for comparison is available in the provided text.

Filing Stats: 4,615 words · 18 min read · ~15 pages · Grade level 12 · Accepted 2024-04-12 16:16:26

Key Financial Figures

  • $20,000 — tion of proxies for an estimated fee of $20,000 plus expenses. Wesco will reimburse bro

Filing Documents

Security Ownership

Security Ownership 30 Transactions With Related Persons 32 Proposal 2 – Approve, on an Advisory Basis, the Compensation of the Company's Named Executive Officers 33 Compensation Discussion and Analysis 34 Compensation Committee Report 49 Compensation Tables 50 Table – Summary Compensation Table 50 Table – All Other Compensation 51 Table – Grants of Plan-Based Awards 52 Table – Outstanding Equity Awards at Year-End 53 Table – Option Exercises and Stock Vested 54 Table – Nonqualified Deferred Compensation 55 Table – Potential Payments Upon Termination: Engel 57 Table – Potential Payments Upon Termination: Schulz, Cameron, Geary and Squires 59 Pay Ratio 61 Pay vs. Performance 62 Proposal 3 – Approve Amendments to the Company's Restated Certificate of Incorporation regarding Officer Exculpation 66 Proposal 4 – Ratify the Appointment of Independent Registered Public Accounting Firm 69 Independent Registered Public Accounting Firm 70 Table of Contents Wesco 2024 Proxy Statement Questions and Answers 1 Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to be Held on May 23, 2024 The 2024 Proxy Statement and 2023 Annual Report of WESCO International, Inc. ("Wesco" or the "Company") are available to review at: www.proxydocs.com/wcc . A copy of our Annual Report on Form 10-K is available upon request, without charge. Any request should be directed to our Corporate Secretary at the Company's headquarters office at 225 West Station Square Drive, Suite 700, Pittsburgh, Pennsylvania 15219-1122. Questions and Answers 1. What is a proxy or proxy statement? The Board is soliciting your proxy to vote at the Annual Meeting. A proxy is your legal designation of another person to vote the stock you own – that person is sometimes called "your proxy." A proxy statement is a document that Securities and Exchange Commission (the "SEC") regulations re

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