Boise Cascade (BCC) director awarded 252 restricted stock units vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jorgensen Nate reported acquisition or exercise transactions in this Form 4 filing.
Boise Cascade Company director Nate Jorgensen received an equity-based award of 252 restricted stock units. These units are a form of stock-based compensation that give him the right to receive an equal number of Boise Cascade common shares in the future.
Each restricted stock unit represents a contingent right to one share of common stock and will vest and become deliverable on March 1, 2027. After this grant, Jorgensen holds 216,712 shares of Boise Cascade common stock directly, reflecting his ongoing equity stake as a board member.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jorgensen Nate
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 252 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 216,712 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant: 252 units
Grant price: $0.00 per unit
Post-transaction holdings: 216,712 shares
+1 more
4 metrics
RSU grant
252 units
Restricted stock units granted to director
Grant price
$0.00 per unit
Compensation award, not open-market purchase
Post-transaction holdings
216,712 shares
Common stock held directly after grant
Vesting date
March 1, 2027
RSUs vest and become deliverable on this date
Key Terms
restricted stock unit, contingent right, vest
3 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"represents a contingent right to receive one share of Boise Cascade Company common stock"
vest financial
"The restricted stock units vest and become deliverable on March 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Boise Cascade (BCC) director Nate Jorgensen report in this Form 4?
Nate Jorgensen reported receiving 252 restricted stock units of Boise Cascade common stock. These equity awards are compensation and will convert into shares when they vest on March 1, 2027, increasing his direct share ownership.
What are the terms of the restricted stock units granted to Nate Jorgensen at Boise Cascade (BCC)?
Each restricted stock unit is a contingent right to receive one share of Boise Cascade common stock. The units will vest and become deliverable on March 1, 2027, meaning the actual shares are issued only after this vesting date is reached.
Was there any purchase price for the Boise Cascade (BCC) restricted stock units granted to Nate Jorgensen?
The restricted stock units were granted at a stated price of $0.00 per unit. This indicates they are compensation awards rather than open-market purchases, with value realized when the units vest into Boise Cascade common shares.
Is this Boise Cascade (BCC) Form 4 filing a routine compensation event?
Yes, this Form 4 reflects a grant of 252 restricted stock units to director Nate Jorgensen as compensation. Such awards are common for board members and do not represent an open-market buy or sell transaction in Boise Cascade shares.