Director at Weyerhaeuser (NYSE: WY) has shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weyerhaeuser director James Calvin O'Rourke reported a small tax-related share disposition. On a restricted stock unit vesting, 106.34 common shares were withheld at $23.53 per share to cover taxes, a non-market transaction. After this, he directly holds 28,620 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Rourke James Calvin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common | 106.34 | $23.53 | $3K |
Holdings After Transaction:
Common — 28,620 shares (Direct, null)
Footnotes (1)
- These shares are being withheld to cover taxes for a restricted stock unit vesting. Reported holdings include shares acquired since the Reporting Person's last filing on Form 4 from dividend reinvestment transactions exempt from Section 16 of the Securities Exchange Act of 1934, as amended, and reflect a cash payment in lieu of fractional shares upon the restricted stock unit vesting.
Key Figures
Tax-withheld shares: 106.34 shares
Withholding price: $23.53 per share
Post-transaction holdings: 28,620 shares
3 metrics
Tax-withheld shares
106.34 shares
Common shares withheld for taxes on RSU vesting
Withholding price
$23.53 per share
Value used for tax-withholding disposition
Post-transaction holdings
28,620 shares
Common shares directly held after transaction
Key Terms
restricted stock unit, dividend reinvestment transactions, Section 16, tax-withholding disposition
4 terms
restricted stock unit financial
"These shares are being withheld to cover taxes for a restricted stock unit vesting."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend reinvestment transactions financial
"Reported holdings include shares acquired ... from dividend reinvestment transactions exempt from Section 16"
Section 16 regulatory
"dividend reinvestment transactions exempt from Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Weyerhaeuser (WY) director James O'Rourke report in this Form 4?
Director James Calvin O’Rourke reported a tax-related share disposition. 106.34 common shares were withheld at $23.53 each to satisfy taxes on a restricted stock unit vesting, leaving him with 28,620 common shares directly held.
Was the Weyerhaeuser (WY) Form 4 transaction an open-market sale or purchase?
The Form 4 shows no open-market sale or purchase. The transaction is coded F, indicating shares were withheld to pay taxes associated with a restricted stock unit vesting, rather than a discretionary buy or sell in the market.
What do the footnotes in the Weyerhaeuser (WY) Form 4 explain about this transaction?
The footnotes state the shares were withheld to cover taxes for a restricted stock unit vesting. They also clarify that reported holdings include shares from dividend reinvestment transactions and a cash payment in lieu of fractional shares upon the vesting.
Does the Weyerhaeuser (WY) Form 4 mention dividend reinvestment for James O'Rourke?
Yes. A footnote explains that O’Rourke’s reported holdings include shares acquired since his last Form 4 through dividend reinvestment transactions that are exempt from Section 16, plus a cash payment instead of fractional shares at the RSU vesting.