Schulz David S.

David S. Schulz, the former CFO and current EVP of WESCO International (WCC), has been a consistent seller of company stock over the past year, with no open-market purchases recorded in his recent Form 4 filings. Across 52 total transactions spanning two companies, Schulz has disposed of approximately $22.2 million in shares, entirely through sales rather than acquisitions. The selling bias is pronounced: his recent activity shows eight open-market sales (coded "S") against zero purchases, with the most concentrated disposition occurring on May 6, 2026, when he executed five separate WCC sales totaling roughly $11.6 million in a single day. Those trades ranged from $663,169 to $4.27 million per transaction, underscoring the scale of the liquidation. The pattern in Schulz’s filings is dominated by WCC, though he also holds a position in Sterling Infrastructure (STRL), where his only recent filing was a zero-value grant (coded "A") on May 7, 2026. His WCC activity includes a mix of mechanical transactions—tax-withholding shares (coded "F"), option exercises (coded "M"), and sales back to the issuer (coded "D")—alongside discretionary open-market sales. The most recent open-market sale before the May cluster was a smaller $22,663 disposition on August 27, 2025, followed by a $356,741 sale and a $4.01 million sale on March 5, 2026. Interspersed are routine compensation grants (coded "A") with zero dollar values, which do not reflect investment conviction. Notably, Schulz’s selling has accelerated in 2026, with the March and May transactions alone accounting for over $12 million in open-market sales, a marked increase from the prior year’s activity. The absence of any "P" coded purchases—the only transaction type indicating fresh capital commitment—reinforces a one-directional pattern of monetization. While the filings include option exercises that convert into shares, those are typically paired with immediate sales or tax withholdings, as seen in the March 4, 2026 cluster where exercises of roughly $987,571 and $1.21 million were offset by sales and "F" withholdings of similar magnitude. The data paints a clear picture of a senior insider steadily reducing his equity stake in WCC, with no recent buying to counterbalance the outflow.