WEYERHAEUSER CO 8-K

What Happened

• Weyerhaeuser Company announced on May 14, 2026 that it amended and restated its deferred compensation plan (the 2023 plan), with the amended plan filed as Exhibit 10.1. The change primarily removes the annual premium previously credited to amounts deferred into stock-equivalent accounts. The plan covers designated employee participants, including executive officers.

Key Details

• Participants may defer 10%–50% of base salary and 10%–100% of cash incentive awards for future payment.
• Base salary deferrals go into an interest-bearing cash account; incentive deferrals may go into cash or stock-equivalent accounts.
• The amendment eliminates the premium that had been added to stock-equivalent deferrals (previously set annually by the Compensation Committee).
• The amended plan will govern deferrals and distributions for amounts earned in 2027 and later.

Why It Matters

• For investors, this affects the structure and future cost of deferred compensation for executives and other designated employees: removing the stock-equivalent premium likely reduces the company’s future compensation expense tied to those deferrals. The change could influence executive pay mix (cash vs. stock-equivalent) and the timing/amount of future payouts, but the filing does not disclose dollar impacts or changes to current participants’ balances.