Weyerhaeuser (WY) director granted 7,832 RSU-based shares as $180,000 retainer
Rhea-AI Filing Summary
BECKWITT RICHARD reported acquisition or exercise transactions in this Form 4 filing.
Weyerhaeuser director Richard Beckwitt received a grant of 7,832 shares of common stock as part of his annual equity compensation. The award is structured as restricted stock units that vest 100% on the earlier of the one-year anniversary of the grant date or the day before the company’s next regular shareholder meeting.
According to the footnote, these shares represent the equity portion of a $180,000 annual retainer fee, with the number of units based on a reference price of $22.98, the average of the high and low trading prices on the grant date. Following this award, Beckwitt directly holds 31,874 shares, and additional units will accrue as dividends are paid on the common stock.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 7,832 | $0.00 | $0.00 |
Footnotes (1)
- F1. These shares were granted pursuant to a restricted stock unit award that vests 100% upon the earlier of the one-year anniversary of the grant date or the day prior to the company's next regular meeting of shareholders following the grant date. These shares (rounded down to the nearest whole share) represent the equity portion of the annual retainer fee in the amount of $180,000.00, with the number of restricted stock 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 units accrue as and when dividends are paid on the Issuer's common stock.
Key Figures
Key Terms
restricted stock unit financial
annual retainer fee financial
dividends financial
average of the high and low price financial
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