Wall Christopher K 4
Research Summary
AI-generated summary
BlueLinx (BXC) CFO Christopher Wall Receives RSU Awards
What Happened
- Christopher K. Wall, SVP, Chief Financial Officer and Treasurer of BlueLinx Holdings Inc. (BXC), received multiple restricted stock unit (RSU) awards and had a small tranche vest. On June 5, 2026 he was granted 7,359; 5,519; and 1,840 RSUs (total 14,718 RSUs). On June 6, 2026, 1,778 time‑based RSUs vested and converted into shares. Of those vested shares, 792 were withheld to satisfy tax withholding, leaving a net delivery of 986 shares to the reporting person. All RSU grants and conversions were reported at $0 per share (derivative awards).
Key Details
- Transaction dates: Grants on 2026-06-05; vesting/conversion on 2026-06-06.
- Prices: All awarded/converted RSUs reported at $0.00 (standard for RSU grants/conversions).
- Vesting and withholding: 1,778 RSUs vested on June 6, 2026; 792 shares withheld for taxes (net 986 shares delivered).
- Grant vesting schedules (per filing footnotes): awards include RSUs with staggered vesting — some vest in three equal annual installments starting 6/5/2027, some vest on 6/5/2029 (one set has a two‑year post‑vesting transfer restriction), and another vests ratably over three years commencing 5/19/2026.
- Shares owned after the reported transactions: not specified in the provided filing details.
- Filing timeliness: Form 4 filed 2026-06-09 covering transactions on 2026-06-05/06 — this is after the typical two business‑day Form 4 reporting window; investors may want to note the delayed filing.
Context
- These were RSU awards and a standard conversion of vested RSUs to shares, not open‑market purchases or option exercises for cash. The withholding of 792 shares to cover tax obligations is routine and does not by itself indicate a change in insider sentiment. Purchases would be more informative as a positive signal; this filing reports awards and routine withholding.