ZAKAS MARIETTA EDMUNDS 4
Research Summary
AI-generated summary
BlueLinx (BXC) Director Marietta Zakas Receives RSU Award, Converts Units
What Happened
- Marietta Edmunds Zakas, a director of BlueLinx Holdings, received an award of 2,749 restricted stock units (RSUs) (reported 2026-05-18) and a reported conversion/exercise of 2,074 RSUs into common shares (reported 2026-05-19). The transactions are reported with $0.00 per share (no cash paid or received on the reported lines).
- The filing shows both a conversion/exercise entry and a matching disposition entry for 2,074 shares on 2026-05-19 (listed at $0). The Form 4 does not show cash proceeds for those entries.
Key Details
- Transaction dates: RSU grant reported 2026-05-18; conversion/exercise and associated disposition reported 2026-05-19. Filing date: 2026-05-20 (appears timely).
- Prices/consideration: All reported at $0.00 on the Form 4 lines provided.
- Footnotes: (F1) Conversion of RSUs that vested on May 19, 2026; vested shares will be delivered no later than 30 days after vesting. (F2) Each RSU equals a contingent right to one share. (F3) RSUs vest on the first anniversary of the grant date.
- Shares owned after the transactions: Not specified in the provided filing excerpt.
- No 10b5-1 plan, tax-withholding details, or other settlement mechanics are specified in the excerpt.
Context
- These entries represent an award (grant of RSUs) and the conversion/settlement of RSUs that vested — not an open-market buy or sell. RSU awards and vesting are common forms of insider compensation and do not by themselves indicate the insider is buying or selling stock in the market.
- The simultaneous conversion and $0 disposition reported on 5/19 may reflect administrative settlement mechanics (e.g., transfer or withholding), but the filing excerpt does not explain the $0 disposition.