Form 4: Boise Cascade CFO Kelly 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 vesting of restricted stock units and shares withheld for taxes.
Summary
- Kelly E. Hibbs, the SVP, CFO & Treasurer of Boise Cascade Co, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
- On March 1, 2025, Hibbs acquired 5,065 shares of common stock related to a restricted stock unit award.
- Also on March 1, 2025, 2,805 shares were disposed of to cover taxes due on awards vesting at a price of $103.66.
- Additionally, 2,299 RSU shares were withheld for taxes due on awards vesting at a price of $103.66.
- Following these transactions, Hibbs directly owns 61,972 shares of Boise Cascade common stock.
- The restricted stock units will be deliverable in three equal tranches on March 1, 2026, 2027, and 2028.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation.
Future Outlook
The reporting person will receive shares underlying restricted stock unit awards in three equal tranches on March 1, 2026, 2027 and 2028.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: Acquisition of shares from restricted stock unit award and disposal of shares for tax withholding. |
| 03/01/2026 | First tranche of restricted stock units deliverable. |
| 03/01/2027 | Second tranche of restricted stock units deliverable. |
| 03/01/2028 | Third tranche of restricted stock units deliverable. |
| 03/04/2025 | Date of signature by power of attorney. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.