Form 4: BlueLinx Holdings Director J. David Smith Reports Stock Unit Conversion
SEC Form 4 Filing
J. David Smith, a director at BlueLinx Holdings Inc., reported the conversion of restricted stock units into common stock on May 17, 2025, according to a Form 4 filing with the SEC.
Summary
- On May 17, 2025, J. David Smith, a director of BlueLinx Holdings Inc., converted 1,340 restricted stock units into common stock.
- Following this transaction, Smith directly owns 14,443 shares of BlueLinx Holdings Inc. common stock.
- Smith also holds various restricted stock units that will vest at different dates in the future.
- These restricted stock units represent a contingent right to receive one share of BlueLinx Holdings Inc. common stock each.
- Vested shares will be delivered to Smith within 30 days after the vesting date or termination of service on the Board of Directors, depending on the specific grant.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the holdings and transactions of company directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's activity related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 05/18/2018 | Date that 6,075 restricted stock units vested, deliverable within 30 days after the earlier of May 18, 2027, or termination of reporting person's service on the Board of Directors. |
| 01/11/2019 | Date that 8,498 restricted stock units vested, deliverable within 30 days after the earlier of January 11, 2028, or termination of reporting person's service on the Board of Directors. |
| 05/17/2020 | Date that 5,335 restricted stock units vested, deliverable within 30 days after the earlier of May 17, 2029, or termination of reporting person's service on the Board of Directors. |
| 05/21/2021 | Date that 12,000 restricted stock units vested, deliverable within 30 days after the earlier of May 21, 2030, or termination of reporting person's service on the Board of Directors. |
| 05/17/2025 | Date of transaction: conversion of 1,340 restricted stock units into common stock. |
| 05/19/2025 | Date that 2,074 restricted stock units will vest. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, BlueLinx Holdings, Director, J. David Smith, Restricted Stock Units, Common Stock, Beneficial Ownership, SEC Filing
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