Form 4: Weyerhaeuser Director Deidra C. Merriwether Reports Acquisition of Share Equivalents Through Fee Deferral Plan

Director Deidra C. Merriwether reports acquiring 6,849 share equivalents in Weyerhaeuser through the company's Fee Deferral Plan for Directors.

Summary

• Deidra C. Merriwether, a director of Weyerhaeuser Co, filed a Form 4 on May 13, 2025, reporting a transaction on May 9, 2025.
• The transaction involves the acquisition of 6,849 share equivalents through the Issuer's Fee Deferral Plan for Directors.
• Merriwether elected to defer receipt of restricted stock units into an equal number of share equivalents.
• These restricted stock units represent the equity portion of the annual retainer fee in the amount of $180,000.
• The number of units was determined by dividing the dollar amount of the fee by $26.28, the average of the high and low price of Weyerhaeuser's common stock on the date of the grant.
• Additional share equivalents accrue as and when dividends are paid on the Issuer's common stock.
• Share equivalents are paid in an equal number of shares of the Issuer's common stock upon the Reporting Person's termination of service as a director.
• Reported holdings include share equivalents acquired since the Reporting Person's last filing on Form 4 from dividend reinvestment transactions.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued investment in the company by a director.

Positives

• The acquisition of share equivalents demonstrates the director's continued investment in the company.
• The Fee Deferral Plan allows directors to align their interests with those of shareholders.

Future Outlook

Share equivalents are paid in an equal number of shares of the Issuer's common stock upon the Reporting Person's termination of service as a director.

Industry Context

Directors often receive compensation in the form of stock or stock equivalents to align their interests with shareholders. Fee deferral plans are a common mechanism for this.

Comparison to Industry Standards

• Director compensation packages vary widely across the industry, but equity-based compensation is a common component.
• Companies like International Paper (IP) and Resolute Forest Products (RFP) also utilize equity-based compensation for their directors.
• The specific amount and structure of the compensation depend on factors such as company size, performance, and industry norms.

Related Party Transactions

• The acquisition of share equivalents through the Fee Deferral Plan is a related party transaction between the company and its director.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of interests between the director and shareholders.

Key Dates

Keywords

Weyerhaeuser, Director, Share Equivalents, Fee Deferral Plan, Form 4, Dividend Reinvestment, WY