Weyerhaeuser (NYSE: WY) SVP has shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weyerhaeuser senior vice president Brian K. Chaney reported two Form 4 transactions in company common stock. A total of 4,769 shares were disposed of at $24.53 per share as part of tax-withholding arrangements, not open-market sales.
One transaction withheld 4,132 shares to cover taxes on a 2022 restricted stock unit award that fully vested, with fractional shares settled in cash. The other withheld 637 shares to cover taxes on a 2023 performance share unit award at full vesting. After these tax-related dispositions, Chaney directly holds 118,169.6338 Weyerhaeuser common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chaney Brian K
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common | 4,132 | $24.53 | $101K |
| Tax Withholding | Common | 637 | $24.53 | $16K |
Holdings After Transaction:
Common — 118,806.634 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 insider transaction did Weyerhaeuser (WY) report for Brian K. Chaney?
Weyerhaeuser reported that senior vice president Brian K. Chaney had 4,769 common shares disposed of to cover tax obligations. These shares were withheld in connection with vesting of restricted stock units and performance share units, rather than sold in open-market transactions.
What does transaction code F mean in the Weyerhaeuser (WY) Form 4?
Code F indicates a tax-withholding disposition, where shares are surrendered to pay taxes or exercise costs. In this Weyerhaeuser filing, both transactions with code F reflect shares withheld to cover tax liabilities upon vesting of equity awards, not discretionary market sales.