Weyerhaeuser (NYSE: WY) VP uses shares to cover RSU tax bill
Rhea-AI Filing Summary
Weyerhaeuser VP and Chief Accounting Officer Alex G. Whitney reported a tax-related share disposition tied to restricted stock unit vesting. On the transaction date, 1,044 common shares at $24.53 per share were withheld to cover taxes for 2022 RSU vesting, leaving 17,011.8193 shares held directly.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on RSU vesting; not an open-market sale.
The transaction reflects 1,044 Weyerhaeuser common shares withheld at $24.53 per share to satisfy tax obligations from the vesting of a 2022 restricted stock unit award. This is coded as an F transaction, a standard equity-compensation mechanism.
The filing notes that fractional RSU shares were settled in cash and that 17,011.8193 shares remain held directly by Alex G. Whitney. Because this is a tax-withholding disposition rather than a discretionary sale, it is generally viewed as administrative and not a signal of a change in sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common | 1,044 | $24.53 | $26K |
Footnotes (1)
- F1. These shares are being withheld to cover taxes for restricted stock unit vestings. The number of shares reflects the settlement of fractional shares in cash upon full vesting of the 2022 restricted stock unit award.
FAQ
What did Weyerhaeuser (WY) executive Alex G. Whitney report on this Form 4?
Is the Form 4 transaction by Weyerhaeuser (WY) VP Alex G. Whitney an open-market sale?
What does transaction code F mean in the Weyerhaeuser (WY) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.