Strom Jeffrey Robert 4
Research Summary
AI-generated summary
BOISE CASCADE (BCC) COO Jeffrey R. Strom Receives RSU Award
What Happened
- Jeffrey R. Strom, Chief Operating Officer of Boise Cascade (BCC), was granted a 2026 restricted stock unit (RSU) award for 22,964 shares on March 1, 2026 (recorded as an award at $0.00). To cover tax withholding on vested awards, 8,230 shares were withheld/ disposed: 5,667 shares (disposed at $82.74 for $468,888) and 2,563 shares (disposed at $82.74 for $212,063), totaling $680,951. The RSU award shares are deliverable in three equal tranches on March 1, 2027, 2028 and 2029 (footnote F1).
Key Details
- Transaction date: March 1, 2026 (filed March 3, 2026). Filing appears timely.
- Award: 22,964 RSUs granted (code A), acquisition price $0.00.
- Tax withholding: 5,667 PSU shares withheld (code F) for $468,888; 2,563 RSU shares withheld (code F) for $212,063; total 8,230 shares withheld for ~$680,951.
- Price used for withholding: $82.74 per share.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 = 2026 RSU award tied to CEO-Elect role; deliverable in three equal tranches (2027–2029). F2 = PSU shares withheld for taxes. F3 = RSU shares withheld for taxes.
Context
- This filing reflects an equity award (not an open-market purchase or a voluntary sale). The withheld share disposals were routine tax-withholding events to satisfy tax liabilities on awards vesting, not necessarily a signal about the insider’s view of the stock. The award vests/delivers over future dates per the footnote schedule.
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