Merriwether Deidra C 4
4 · WEYERHAEUSER CO · Filed May 13, 2024
Insider Transaction Report
Form 4
Merriwether Deidra C
Director
Transactions
- Award
Share Equivalents
2024-05-10$31.09/sh+5,790$179,982→ 23,316.63 totalExercise: $0.00→ Common (5,790 underlying)
Footnotes (2)
- [F1]The share equivalents reported herein were acquired pursuant to the Issuer's Fee Deferral Plan for Directors. The Reporting Person elected to defer receipt of 5,790 restricted stock units into an equal number of share equivalents. The restricted stock units represent the equity portion of the annual retainer fee in the amount of $180,000, with the number of units determined by dividing the dollar amount of the fees 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. 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.
- [F2]Reported holdings include share equivalents acquired since the Reporting Person's last filing on Form 4 from dividend reinvestment transactions exempt from Section 16 of the Securities Exchange Act of 1934, as amended.