Weyerhaeuser (WY) SVP Keatley has shares withheld to cover vesting taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weyerhaeuser Senior Vice President Travis A. Keatley reported two tax-related share dispositions tied to equity award vesting. On restricted stock unit and performance share unit vestings, a total of 10,510 and 9,027 common shares, respectively, were withheld at $24.53 per share to cover tax obligations. Following these non‑market, tax-withholding dispositions, Keatley directly owned about 171,638 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Keatley Travis A
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common | 10,510 | $24.53 | $258K |
| Tax Withholding | Common | 9,027 | $24.53 | $221K |
Holdings After Transaction:
Common — 180,665.292 shares (Direct)
Footnotes (1)
- 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. These shares are being withheld to cover taxes for a performance share unit vesting. The number of shares reflects the settlement of fractional shares in cash upon full vesting of the 2023 performance stock unit award.
FAQ
What did Weyerhaeuser (WY) executive Travis A. Keatley report on this Form 4?
Travis A. Keatley reported tax-related dispositions of Weyerhaeuser common shares. Shares were withheld by the company to cover taxes triggered by restricted stock unit and performance share unit vestings, rather than sold in open market transactions.
What do the Form 4 footnotes say about Keatley’s Weyerhaeuser (WY) transactions?
The footnotes explain the shares were withheld to cover taxes on vesting awards. One note covers a 2022 restricted stock unit award; the other covers a 2023 performance stock unit award, including settlement of fractional shares in cash.