Twedt Jill 4

What Happened

• Jill Twedt, Senior Vice President, General Counsel & Corporate Secretary of Boise Cascade (BCC), was granted 4,472 restricted stock units (RSUs) on 2026-03-01 (acquired at $0.00). On the same date, 5,638 shares were surrendered/withheld to cover tax liabilities: 4,057 shares for $82.74 each (reported value $335,676) and 1,581 shares for $82.74 each (reported value $130,812). Total value of shares withheld: $466,488.
• This filing reflects an award (A) and tax-withholding disposals (F). The withholding is a routine tax payment method, not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (timely).
• Grant: 4,472 RSUs @ $0.00 (acquisition).
• Withholding: 4,057 shares @ $82.74 = $335,676; 1,581 shares @ $82.74 = $130,812; total withheld value $466,488.
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes:
  • F1: The 4,472 RSUs are deliverable in three equal tranches on March 1, 2027, 2028 and 2029.
  • F2: PSU shares withheld to cover taxes due on vested awards.
  • F3: RSU shares withheld to cover taxes due on vested awards.
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (here, shares withheld for taxes).

Context

• These were equity awards and tax-withholding transactions, not open-market sales or purchases. Withholding shares to satisfy tax obligations is common practice when awards vest and does not necessarily signal the insider's view of the stock.
• The RSU award is a time-based grant that vests in future years; the withheld shares relate to tax obligations on vested awards (including PSUs/RSUs) rather than a cashless exercise of options.