Oei Leonard Alexander 4

What Happened

• Oei Leonard Alexander, Chief Commercial Officer of BlueLinx Holdings Inc. (BXC), received time‑based restricted stock unit (RSU) awards and had several RSU awards convert to common shares on June 6–7, 2026. On June 5, 2026 he was granted a total of 8,700 RSUs (three awards totaling 4,351; 1,088; and 3,261 RSUs). During June 6–7, 2026, 1,367 vested RSUs converted to shares (765 + 133 + 469). To satisfy tax withholding obligations, 405 shares were withheld/disposed (226, 40, and 139 shares) at $50.30 per share, generating about $20,372 in withholding proceeds. The RSU conversions carry no exercise price.

Key Details

• Transaction dates: Grants 2026-06-05; RSU conversions and withholding sales on 2026-06-06 and 2026-06-07.
• Withholding sale price: $50.30 per share; withheld shares: 226 ($11,368), 40 ($2,012), 139 ($6,992); total ~$20,372.
• Awards granted: 8,700 RSUs (derivative awards, $0 exercise price). Converted/vested RSUs: 1,367.
• Footnote highlights: RSUs are time‑based (each RSU = right to one share). Some awards vest in three equal annual installments (first installments occurred June 6 or June 7 for certain grants); other awards have future vesting dates (e.g., Jan 17, 2028 and June 5, 2029). Withheld shares were used to cover tax obligations.
• Shares owned after transaction: not specified in the Form 4 filing.
• Filing timeliness: Form 4 filed 2026-06-09 for transactions June 5–7, 2026 — reported timely.

Context

• These transactions are award grants and RSU conversions, not open‑market buys or discretionary sales. The small disposals recorded here are routine share withholdings to pay taxes when RSUs vest (common practice), not a voluntary sale signaling sentiment.
• RSUs convert to shares without an exercise payment; withholding of shares to cover taxes is often coded as “F” (payment of exercise price or tax liability) on Form 4.