Form 4: BlueLinx Holdings Director Kim S. Fennebresque Reports Transaction in Company Stock
SEC Form 4
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 disclosing changes in beneficial ownership.
- On May 18, 2024, 2,601 restricted stock units vested and were converted into common stock.
- Following the transaction, Fennebresque directly owns 7,530 shares of common stock.
- Fennebresque also indirectly owns various amounts of common stock through grantor trusts related to restricted stock units that vested on different dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares, but it's unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 2016-01-13 | Restricted stock units vested on this date, deliverable within 30 days of the earlier of January 13, 2025, or termination of board service. |
| 2017-03-31 | Restricted stock units vested on this date, deliverable within 30 days of the earlier of March 31, 2026, or termination of board service. |
| 2017-05-20 | Restricted stock units vested on this date, deliverable within 30 days of the earlier of May 20, 2026, or termination of board service. |
| 2018-01-11 | Restricted stock units vested on this date, deliverable within 30 days of the earlier of January 11, 2027, or termination of board service. |
| 2019-01-11 | Restricted stock units vested on this date, deliverable within 30 days of the earlier of January 11, 2028, or termination of board service. |
| 2020-05-17 | Restricted stock units vested on this date, deliverable within 30 days after the earlier of May 17, 2029, or termination of reporting person's service on the Board of Directors. |
| 2021-05-21 | Restricted stock units vested on this date, deliverable within 30 days after the earlier of May 21, 2030, or termination of reporting person's service on the Board of Directors. |
| 2024-02-29 | Date of Power of Attorney execution. |
| 2024-05-17 | Date of grant for 2,234 restricted stock units vesting on the first anniversary. |
| 2024-05-17 | Transaction date for acquisition of 2,234 Restricted Stock Units. |
| 2024-05-18 | 2,601 restricted stock units vested and were converted into common stock. |
| 2024-05-21 | Date of signature for the Form 4 filing. |
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