Boise Cascade (NYSE: BCC) CEO logs stock award and tax withholding moves
Rhea-AI Filing Summary
Boise Cascade CEO Nate Jorgensen reported a mix of equity award activity and related tax transactions in company stock. He received a grant of 1,813 shares of common stock at $0.00 per share, tied to restricted stock units that vest and become deliverable on March 1, 2027.
On the same reporting, 23,829 shares and 10,442 shares of common stock were disposed of at $82.74 per share as tax-withholding dispositions on performance and restricted stock unit awards vesting, rather than open-market sales. After these transactions, he directly owned 215,711 shares of Boise Cascade common stock.
Positive
- None.
Negative
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Insights
Activity reflects routine equity awards and tax withholding, not open-market trading.
The filing shows Boise Cascade’s CEO receiving an equity award of 1,813 shares at no cost, linked to restricted stock units scheduled to vest on March 1, 2027. This is typical for senior executive compensation structures using stock to align interests with shareholders.
The dispositions of 23,829 and 10,442 shares at $82.74 per share are coded as tax-withholding transactions on vesting PSU and RSU awards, as described in the footnotes. These are administrative share deliveries to cover taxes, not discretionary open-market sales. Afterward, the CEO still holds 215,711 shares directly, suggesting the overall impact is routine and not thesis-changing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 1,813 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 | 23,829 | $82.74 | $1.97M |
| Tax Withholding | Common Stock, par value $0.01 | 10,442 | $82.74 | $864K |
Footnotes (1)
- PSU Shares withheld for taxes due on awards vesting. RSU Shares withheld for taxes due on awards vesting. Each restricted stock unit represents a contingent right to receive one share of Boise Cascade Company common stock. The restricted stock units vest and become deliverable on March 1, 2027.