Tax-withholding share disposals by Weyerhaeuser (NYSE: WY) CEO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weyerhaeuser President and CEO Devin W. Stockfish reported two tax-related share dispositions of company common stock. On restricted stock unit and performance share unit vesting, a total of 48,338 shares and 43,844 shares were withheld at $24.53 per share to cover tax obligations. After these tax-withholding dispositions, he directly owned 1,202,826.3068 Weyerhaeuser common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stockfish Devin W
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common | 48,338 | $24.53 | $1.19M |
| Tax Withholding | Common | 43,844 | $24.53 | $1.08M |
Holdings After Transaction:
Common — 1,246,670.307 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) CEO Devin Stockfish report on this Form 4?
Devin W. Stockfish reported two tax-withholding dispositions of Weyerhaeuser common shares. Shares were withheld upon vesting of restricted stock units and performance share units to satisfy tax obligations, rather than sold in the open market, reflecting routine equity compensation mechanics.
Were the Weyerhaeuser CEO’s transactions open-market sales of WY stock?
No. The filing classifies them as tax-withholding dispositions under code F. Footnotes explain the company withheld shares from vested restricted and performance stock unit awards to satisfy tax liabilities, instead of Stockfish selling shares independently in the open market.