Form 4: Boise Cascade SVP Jill Twedt Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jill Twedt, SVP, General Counsel & Corp Sec of Boise Cascade, reports acquisition and disposal of common stock due to restricted stock unit award and tax withholdings.
Summary
- On March 1, 2025, Jill Twedt, SVP, General Counsel & Corp Sec of Boise Cascade Co, reported changes in beneficial ownership of the company's common stock.
- Twedt acquired 3,569 shares of common stock related to a restricted stock unit award at a price of $0.
- She disposed of 1,717 shares at $103.66 per share and 1,440 shares at $103.66 per share to cover taxes due on award vesting.
- Following these transactions, Twedt directly owns 35,849 shares of Boise Cascade common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. There are no indications of unusual or concerning activity.
Positives
- The acquisition of shares through restricted stock units indicates a continued alignment of the executive's interests with the company's performance.
Future Outlook
The restricted stock units will be deliverable in three equal tranches on March 1, 2026, 2027 and 2028.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing is typical for executives receiving stock-based compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of earliest transaction (acquisition and disposal of shares). |
| 03/04/2025 | Date of signature for the report. |
| 03/01/2026 | First tranche of restricted stock unit award deliverable. |
| 03/01/2027 | Second tranche of restricted stock unit award deliverable. |
| 03/01/2028 | Third tranche of restricted stock unit award deliverable. |
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