DHANDA ANUJ 4
Research Summary
AI-generated summary
BlueLinx (BXC) Director Anuj Dhanda Receives RSU Award, Converts Shares
What Happened
Anuj Dhanda, a director of BlueLinx Holdings Inc. (BXC), received a grant of 2,749 restricted stock units (RSUs) on May 18, 2026. On May 19, 2026, 2,074 RSUs were converted/exercised into 2,074 shares (reported as a derivative conversion) and 2,074 shares were reported disposed the same day at $0.00. The remaining 675 RSUs from the grant appear in the grant record and were not converted in the reported transactions.
Key Details
- Transactions reported: Grant (A) of 2,749 RSUs on 2026-05-18; conversion/exercise (M) of 2,074 RSUs to shares on 2026-05-19 and disposition (M) of 2,074 shares on 2026-05-19.
- Prices/proceeds: All entries report $0.00 (typical for RSU grants and for shares withheld/transferred rather than sold for cash). No cash proceeds reported.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes: F1–F3 state these were RSUs that vested on May 19, 2026; each RSU equals one share; vested shares will be delivered no later than 30 days after vesting.
- Filing timing: Form 4 filed May 20, 2026 for transactions on May 18–19, 2026 (appears timely).
Context
This activity is compensation-related (RSU grant and vesting/conversion), not an open-market buy or sale. RSU conversions and same-day zero-dollar dispositions are commonly reported when shares are converted and some are withheld or transferred to satisfy tax-withholding or settlement obligations; such filings reflect routine compensation mechanics rather than a directional trading signal.