Form 4: Weyerhaeuser Director Sara Grootwassink Lewis Reports Acquisition of Share Equivalents

Director Sara Grootwassink Lewis reports acquisition of 5,790 share equivalents in Weyerhaeuser Co. through the company's Fee Deferral Plan for Directors.

Summary

• Sara Grootwassink Lewis, a director of Weyerhaeuser Co., reported acquiring 5,790 share equivalents on May 10, 2024.
• These share equivalents were obtained through the Issuer's Fee Deferral Plan for Directors, representing the equity portion of the annual retainer fee.
• The number of units was determined by dividing the $180,000 fee amount by $31.085, the average of the high and low price of Weyerhaeuser's common stock on the grant date.
• Additional share equivalents accrue as dividends are paid on the Issuer's common stock.
• The director's reported holdings include 61,467.344 share equivalents, including those acquired from dividend reinvestment transactions.
• Share equivalents are paid in an equal number of shares of Weyerhaeuser's common stock upon the director's termination of service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's participation in the fee deferral plan indicates confidence in the company's future, but the filing itself is a routine disclosure.

Positives

• The director's participation in the Fee Deferral Plan demonstrates confidence in the company's future performance.
• Dividend reinvestment further increases the director's stake in the company.

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

Director ownership and compensation structures are common in publicly traded companies to align management interests with shareholder value. Fee deferral plans allow directors to convert cash compensation into equity, demonstrating a long-term commitment to the company's success.

Comparison to Industry Standards

• Director compensation structures vary across the industry, but equity-based compensation is a common practice.
• Companies like International Paper (IP) and Resolute Forest Products (RFP) also utilize equity-based compensation for their directors.
• The specific amount and type of equity compensation depend on the company's size, performance, and compensation philosophy.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates