BOISE CASCADE Co·4/A

Mar 13, 4:43 PM ET

Twedt Jill 4/A

Research Summary

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Boise Cascade (BCC) SVP Jill Twedt Receives RSU Award; Shares Withheld

What Happened
Jill Twedt, SVP, General Counsel & Corporate Secretary of Boise Cascade (BCC), received a grant of 4,472 restricted stock units (RSUs) on 2026-03-01 (reported as an award at $0.00). To satisfy tax withholding obligations, 4,122 shares were disposed (withheld) on the same date at $82.74 per share, generating cash value of $341,055 (2,694 shares → $222,902; 1,428 shares → $118,153). This filing is an amendment correcting the number of PSU/RSU shares withheld for taxes.

Key Details

  • Transaction date: 2026-03-01; Form 4 filed (amended) 2026-03-13 (appears late).
  • Award: 4,472 RSUs granted (reported at $0.00).
  • Tax withholding: 2,694 shares and 1,428 shares withheld at $82.74 each (total 4,122 shares; total value $341,055).
  • Shares owned after the transaction: Not specified in the provided filing.
  • Footnotes: F1 — these RSUs vest/deliver in three equal tranches on March 1, 2027, 2028 and 2029. F2/F3 — this amended Form 4 corrects PSU/RSU withholding counts.
  • Transaction code explanation: A = award/grant; F = payment of exercise price or tax liability (share withholding for taxes), which is a routine administrative action rather than an open-market sale.

Context

  • This was an RSU award with shares withheld to cover taxes (a common cashless-withholding method). Withholding/disposal entries are not the same as deliberate open-market sales and generally reflect standard tax compliance rather than a change in insider sentiment.
  • The Form 4 was amended and filed 12 days after the transaction date; late or corrected filings reduce near‑term transparency for investors and are worth noting.