Weyerhaeuser director defers $180K into shares
Weyerhaeuser Company director Nicole Weyerhaeuser Piasecki reported receiving 7,832 share equivalents as a compensation award.
Rhea-AI Filing Summary
Weyerhaeuser Company director Nicole Weyerhaeuser Piasecki reported receiving 7,832 share equivalents as a compensation award. These stock equivalents were acquired under the company’s Fee Deferral Plan for Directors, by deferring 7,832 restricted stock units that represent the equity portion of an annual retainer fee of $180,000.
The number of units was calculated using a price of $22.98, the average of the $23.40 high and $22.56 low trading prices on the grant date. Additional stock equivalents will accrue when dividends are paid, and all stock equivalents are settled in common shares after her board service ends. Following this award and prior dividend-related accruals, her reported holdings total 93,391.357 stock equivalents.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share equivalents | 7,832 | $0.00 | $0.00 |
Footnotes (2)
- F1. The stock equivalents reported herein were acquired pursuant to the Issuer's Fee Deferral Plan for Directors. The Reporting Person elected to defer receipt of 7,832 restricted stock units into an equal number of stock equivalents. The restricted stock units (rounded down to the nearest whole unit) represent the equity portion of the annual retainer fee in the amount of $180,000, with the number of units determined by dividing the dollar amount of the fee by $22.98, the average of the high ($23.40) and low ($22.56) price of the Issuer's common stock on the date of the grant. Additional stock equivalents accrue as and when dividends are paid on the Issuer's common stock. Stock equivalents are paid in an equal number of shares of the Issuer's common stock upon the Reporting Person's termination of service as a director.
- F2. Reported holdings include stock equivalents acquired since the Reporting Person's last filing on Form 4 from dividend reinvestment transactions exempt from Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
Key Terms
Fee Deferral Plan for Directors financial
restricted stock units financial
stock equivalents financial
dividend reinvestment transactions financial
Section 16 of the Securities Exchange Act of 1934 regulatory
FAQ
What insider transaction did Weyerhaeuser (WY) disclose for Nicole Weyerhaeuser Piasecki?
What are stock equivalents in Weyerhaeuser’s (WY) director Fee Deferral Plan?
What are Nicole Weyerhaeuser Piasecki’s total reported holdings after this Form 4/A?
Does the Weyerhaeuser (WY) Form 4/A involve open-market buying or selling?
When will Weyerhaeuser (WY) stock equivalents be paid to the reporting director?
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