4/A: Boise Cascade COO Strom Reports RSU Grant, Tax Withholding
Insider Transaction Report (Amendment)
Boise Cascade's COO, Jeffrey Robert Strom, filed an amended Form 4 detailing a restricted stock unit grant tied to his CEO-Elect role and shares withheld for tax obligations.
Summary
- Jeffrey Robert Strom, Chief Operating Officer (COO) and CEO-Elect of Boise Cascade Co (BCC), reported an acquisition of 22,964 shares of common stock on March 1, 2026.
- This acquisition represents a restricted stock unit (RSU) award granted due to his CEO-Elect role, with a price of $0 per share.
- The shares from this RSU award will be deliverable in three equal tranches on March 1, 2027, March 1, 2028, and March 1, 2029.
- The filing also reported dispositions of shares withheld for taxes on March 1, 2026, at a price of $82.74 per share.
- Specifically, 4,356 PSU (Performance Share Unit) shares were withheld for taxes, correcting a previous filing.
- Additionally, 2,563 RSU shares were withheld for taxes due on awards vesting.
- Following these transactions, Jeffrey Robert Strom beneficially owns 52,821 shares of Boise Cascade common stock directly.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this filing as moderately positive, primarily due to the significant RSU grant to the CEO-Elect, which signals a commitment to future leadership and aligns executive incentives with shareholder value, despite the administrative nature of the tax withholdings.
Positives
- Jeffrey Robert Strom, the COO, received a grant award of 22,964 restricted stock units (RSUs) tied to his new CEO-Elect role, indicating confidence in his future leadership and alignment of interests with shareholders.
Future Outlook
The restricted stock unit award granted to Jeffrey Robert Strom will vest and be delivered in three equal tranches on March 1, 2027, 2028, and 2029, aligning his long-term incentives with the company's performance.
Industry Context
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Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Operating Officer (COO) / CEO-Elect | N/A | Jeffrey Robert Strom | N/A (implied by grant date 03/01/2026) | Promotion to CEO-Elect role, leading to specific equity award. |
Stakeholder Impact
- Shareholders: The RSU grant to the CEO-Elect aligns management's long-term interests with shareholder value creation, potentially fostering stable leadership and strategic execution.
Next Steps
- Delivery of the first tranche of restricted stock units on March 1, 2027.
- Delivery of the second tranche of restricted stock units on March 1, 2028.
- Delivery of the third tranche of restricted stock units on March 1, 2029.
Key Dates
| Date | Description |
|---|---|
| 03/01/2026 | Transaction date for the acquisition of restricted stock units and disposition of shares for tax withholding. |
| 03/03/2026 | Date the original Form 4 was filed, which this amendment corrects. |
| 03/13/2026 | Signature date of the reporting person's power of attorney for this amendment. |
| 03/01/2027 | First tranche delivery date for the 2026 restricted stock unit award. |
| 03/01/2028 | Second tranche delivery date for the 2026 restricted stock unit award. |
| 03/01/2029 | Third tranche delivery date for the 2026 restricted stock unit award. |
Keywords
Boise Cascade, BCC, Form 4, Insider Transaction, Restricted Stock Units, RSU, CEO-Elect, Jeffrey Strom, Equity Award, Tax Withholding
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