Form 4: BlueLinx Holdings Director Kim S. Fennebresque Reports Stock Transactions

Director Kim S. Fennebresque reports the vesting and conversion of restricted stock units into common stock of BlueLinx Holdings Inc.

Summary

• Kim S. Fennebresque, a director of BlueLinx Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 17, 2025, 2,234 restricted stock units vested and were converted into common stock.
• Following the transaction, Fennebresque directly owns 9,764 shares of common stock.
• Fennebresque also indirectly owns 9,090 shares through a grantor trust.
• The report details various restricted stock units held by Fennebresque through a grantor trust, with vesting dates ranging from 2017 to 2021 and delivery dates tied to service on the Board of Directors.
• These restricted stock units represent a contingent right to receive one share of BlueLinx Holdings Inc. common stock each.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Positives

• The vesting of restricted stock units indicates a continued alignment of the director's interests with those of the shareholders.

Future Outlook

The reporting person will receive shares from vested restricted stock units within 30 days of vesting or termination of service on the Board of Directors, as per the terms of the applicable award agreements.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates

Keywords

Form 4, BlueLinx Holdings, Director, Fennebresque, Restricted Stock Units, Beneficial Ownership, Common Stock, Vesting