Form 4: Boise Cascade CFO Kelly E. Hibbs Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kelly E. Hibbs, SVP, CFO & Treasurer of Boise Cascade Co, reports acquisition and disposal of common stock due to restricted stock unit award and tax withholding.
Summary
- On March 1, 2024, Kelly E. Hibbs, the SVP, CFO & Treasurer of Boise Cascade Co, reported changes in beneficial ownership of the company's common stock.
- Hibbs acquired 3,629 shares of common stock related to a restricted stock unit award at a price of $0.
- 2,132 shares were disposed of at $137.79 due to PSU shares withheld for taxes on awards vesting.
- An additional 2,564 RSU shares were withheld for taxes due on awards vesting at $137.79.
- Following these transactions, Hibbs directly owns 63,011 shares of Boise Cascade Co.
- The 2024 restricted stock unit award shares will be deliverable in three equal tranches on March 1, 2025, 2026 and 2027.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. There are no indications of significant positive or negative developments.
Positives
- The acquisition of 3,629 shares indicates continued alignment of the CFO's interests with the company's performance.
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 executive compensation and provide transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Acquisition of shares and disposal of shares for tax withholding. |
| 03/01/2025 | First tranche of restricted stock unit award deliverable. |
| 03/01/2026 | Second tranche of restricted stock unit award deliverable. |
| 03/01/2027 | Third tranche of restricted stock unit award deliverable. |
| 03/05/2024 | Date of Form 4 filing. |
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