Form 4: Boise Cascade CEO Nate Jorgensen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Nate Jorgensen reports acquisition of restricted stock units and disposition of shares to cover tax obligations.
Summary
- On March 1, 2024, Nate Jorgensen, CEO of Boise Cascade Co, reported changes in his beneficial ownership of the company's common stock.
- He acquired 18,144 shares of common stock related to a restricted stock unit (RSU) award.
- He disposed of 19,067 shares and 9,835 shares of common stock to cover tax obligations related to vesting awards, both at a price of $137.79 per share.
- Following these transactions, Jorgensen directly owns 244,219 shares of Boise Cascade common stock.
- The RSU award shares will be delivered in three equal tranches on March 1, 2025, 2026, and 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units will vest in three equal tranches on March 1, 2025, 2026 and 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to executive compensation and tax obligations, which are common occurrences.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock dispositions.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transactions: acquisition of restricted stock units and disposition of shares for tax obligations. |
| 03/01/2025 | First tranche of RSU award shares deliverable. |
| 03/01/2026 | Second tranche of RSU award shares deliverable. |
| 03/01/2027 | Third tranche of RSU award shares deliverable. |
| 03/05/2024 | Date of Form 4 filing. |
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