Form 4: BlueLinx Holdings Inc. Executive Michael Wilson Reports Stock Transactions
SEC Form 4
Chief Commercial Officer Michael Wilson of BlueLinx Holdings Inc. reports the vesting and conversion of restricted stock units, along with associated tax withholding.
Summary
- Michael Wilson, Chief Commercial Officer of BlueLinx Holdings Inc., reported transactions involving restricted stock units and common stock.
- On June 7, 2024, 1,115 restricted stock units vested and were converted into common stock.
- Also on June 7, 2024, 478 shares were withheld to cover tax obligations related to the vesting.
- On June 8, 2024, 1,118 restricted stock units vested and were converted into common stock.
- 509 shares were withheld on June 8, 2024, to cover tax obligations related to the vesting.
- Wilson also acquired 2,912 restricted stock units on June 7, 2024, which will vest in three equal annual installments commencing on June 7, 2025.
- Wilson currently holds 2,040 restricted stock units that vest in three equal annual installments commencing on June 30, 2023.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation and stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares from vested restricted stock units.
- The tax withholding obligations reduce the number of shares received by the executive.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | 1,115 restricted stock units vested and converted to common stock; 478 shares withheld for taxes; 2,912 restricted stock units acquired. |
| 06/08/2024 | 1,118 restricted stock units vested and converted to common stock; 509 shares withheld for taxes. |
| 06/11/2024 | Date of Form 4 signature. |
| 06/07/2025 | Commencement date for vesting of 2,912 restricted stock units in three equal annual installments. |
| 06/30/2023 | Commencement date for vesting of 2,040 restricted stock units in three equal annual installments. |
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