BOISE CASCADE Co·4/A

Mar 13, 4:41 PM ET

Jorgensen Nate 4/A

Research Summary

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Boise Cascade (BCC) CEO Nate Jorgensen Withholds Shares for Taxes

What Happened
Nate Jorgensen, CEO and a director of Boise Cascade Company (BCC), had a total of 33,522 shares withheld on March 1, 2026 to cover tax liabilities related to equity awards — 23,080 shares at $82.74 ($1,909,639) and 10,442 shares at $82.74 ($863,971), totaling $2,773,610. On March 3, 2026 he was also granted 1,813 restricted stock units (RSUs) valued at $0 in the filing; those RSUs represent a contingent right to one share each and vest/become deliverable on March 1, 2027.

Key Details

  • Transaction dates and prices:
    • 2026-03-01: 23,080 shares withheld @ $82.74 = $1,909,639 (disposal for tax withholding)
    • 2026-03-01: 10,442 shares withheld @ $82.74 = $863,971 (disposal for tax withholding)
    • 2026-03-03: 1,813 RSUs granted @ $0 (acquisition in form of award)
  • Total shares withheld for taxes: 33,522; total value of withheld shares ≈ $2,773,610.
  • Footnotes:
    • F1: This is an AMENDED filing correcting the number of PSU shares withheld for taxes.
    • F2: RSU shares were withheld to cover taxes due on awards vesting.
    • F3: Each RSU represents a right to one share; these RSUs vest and become deliverable on March 1, 2027.
  • Shares owned after the transactions: not specified in the provided excerpt of the filing.
  • Timeliness: The Form 4 was filed March 13, 2026 (amended filing), more than two business days after the March 1–3 transactions — the report was amended and filed late.

Context
The withheld shares are a routine tax-withholding transaction (not an open-market sale) tied to the vesting/settlement of equity awards. The 1,813 RSUs are a grant that vests later (3/1/2027), so they represent future potential shares rather than an immediate market purchase.