DeBrock Kimberly Ann 4
Research Summary
AI-generated summary
BlueLinx (BXC) VP Kimberly DeBrock Receives RSUs; Shares Withheld
What Happened
Kimberly Ann DeBrock, Vice President & Chief Accounting Officer of BlueLinx Holdings (BXC), had time‑based restricted stock units (RSUs) vest in early June 2026 and received a new RSU grant. On June 6, 2026, 641 RSUs vested; 184 shares were withheld to cover tax withholding at $50.30/share (value withheld $9,255), leaving 457 shares delivered. On June 7, 2026, 214 RSUs vested; 62 shares were withheld at $50.30/share (value withheld $3,119), leaving 152 shares delivered. Net delivered shares from these vesting events = 609 shares; total shares withheld for taxes = 246 shares (approx. $12,374). Separately, on June 5, 2026, DeBrock was granted 2,650 time‑based RSUs that vest in future installments (no cash paid).
Key Details
- Transaction dates/prices:
- June 6, 2026: 641 RSUs converted to shares; 184 shares withheld at $50.30 each (withholding value $9,255).
- June 7, 2026: 214 RSUs converted to shares; 62 shares withheld at $50.30 each (withholding value $3,119).
- June 5, 2026: Grant of 2,650 RSUs (no cash consideration).
- Net shares delivered from vested RSUs: 609 (457 from June 6 + 152 from June 7).
- Shares withheld for taxes (disposition code F): 246 shares total, approx. $12,374.
- Vesting/grant notes: These are time‑based RSUs that vest in scheduled installments (see filing footnotes); the 2,650‑RSU grant vests in three equal installments commencing June 5, 2027 (to be delivered within 30 days after vesting).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Filing timeliness: Form 4 was filed June 9, 2026; the filing shows no indication of a late report.
Context
These transactions are conversions of RSUs into common stock (derivative conversion) with shares withheld to satisfy tax withholding obligations — a routine, non‑market sale action often called a cashless withholding. This is an award/vesting and tax withholding event, not an open‑market purchase or sale intended to signal sentiment.