Yancey Carol B 4
Research Summary
AI-generated summary
BlueLinx (BXC) Director Carol Yancey Converts RSUs, 2,074 Shares
What Happened
- Carol B. Yancey, a director of BlueLinx Holdings Inc. (BXC), was granted 2,749 restricted stock units (RSUs) on May 18, 2026 and reported the conversion of 2,074 RSUs that vested on May 19, 2026. The Form 4 reports 2,074 shares acquired via conversion and 2,074 shares disposed on May 19, 2026; all reported at $0.00 (derivative transactions), so no cash purchase or sale price is shown.
Key Details
- Transaction dates and prices:
- 2026-05-18: Grant of 2,749 RSUs (code A) at $0.00 (award of derivative right).
- 2026-05-19: Conversion/exercise of 2,074 RSUs to shares (code M) — reported as acquired (N/A price) and simultaneously 2,074 shares reported as disposed at $0.00.
- Shares owned after transaction: Not disclosed in the Form 4 provided.
- Footnotes of note:
- F1: The May 19, 2026 conversion reflects RSUs that vested on that date; vested shares will be delivered no later than 30 days after vesting.
- F2: Each RSU represents the contingent right to one share of common stock.
- F3: RSUs vest on the first anniversary of the grant (consistent with the reported vesting).
- Timeliness: Filing date 2026-05-20 for transactions on 5/18–5/19 appears timely under Form 4 reporting rules (no late filing indicated).
Context
- These entries involve RSUs (derivative grants), not open-market purchases or sales. The $0.00 reporting is typical for awards and conversions of RSUs where no cash price is paid; the simultaneous disposal may reflect net share settlement, withholding, or transfer mechanics (the filing’s footnotes state only that vested shares will be delivered within 30 days). Such RSU conversions are standard compensation events and do not by themselves indicate an intent to buy or sell additional stock.