Form 4: Weyerhaeuser Director Mark A. Emmert Reports Changes in Beneficial Ownership

Director Mark A. Emmert reports acquisition and disposal of Weyerhaeuser shares, including tax withholding and restricted stock unit grants.

Summary

• On May 9, 2024, Director Mark A. Emmert had 113 common shares withheld to cover taxes related to a restricted stock unit vesting at a price of $31.13 per share.
• Following this transaction, Emmert directly owned 45,768 shares, including shares acquired from dividend reinvestment transactions.
• On May 10, 2024, Emmert acquired 5,790 shares through a restricted stock unit award, with no cost to the director.
• This grant increased Emmert's direct ownership to 51,558 shares.
• The restricted stock units vest 100% on the earlier of the one-year anniversary of the grant date or the day prior to the company's next regular meeting of shareholders following the grant date.
• The 5,790 shares represent the equity portion of the annual retainer fee in the amount of $180,000.00, with the number of restricted stock units determined by dividing the dollar amount of the fee by $31.085, the average of the high ($31.27) and low ($30.90) price of the Issuer's common stock on the date of the grant.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and regulatory compliance, indicating stability and alignment of interests. There are no indications of negative performance or concerning transactions.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The restricted stock units vest 100% on the earlier of the one-year anniversary of the grant date or the day prior to the company's next regular meeting of shareholders following the grant date.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, similar to Weyerhaeuser's approach.
• Vesting schedules for restricted stock units are typically between one and three years, aligning with Weyerhaeuser's one-year vesting period or the day prior to the company's next regular meeting of shareholders following the grant date.

Stakeholder Impact

• Shareholders benefit from the transparency provided by the Form 4 filing.
• The equity-based compensation aligns the director's interests with those of the shareholders.

Key Dates