Barney Joanna L. 4

What Happened
Joanna L. Barney, Executive Vice President at Boise Cascade (BCC), was granted 6,345 restricted stock units (RSUs) on 2026-03-01 (acquisition price $0.00). To cover taxes on the vesting, 3,090 shares were withheld/disposed (1,376 and 1,714 shares) at $82.74 per share, totaling $255,666 in tax withholding proceeds. The grant is recorded as an award (A) and the withholdings are reported as tax-related disposals (F).

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (timely within standard 2-business-day window).
• Award: 6,345 RSUs granted (acquisition reported at $0.00). These RSUs are deliverable in three equal tranches on 2027-03-01, 2028-03-01 and 2029-03-01 (2,115 shares per tranche). (Footnote F1)
• Withheld for taxes: 1,376 shares ($113,850) and 1,714 shares ($141,816) at $82.74 each; combined 3,090 shares withheld, $255,666 total. (Footnotes F2, F3 indicate RSU/PSU tax withholding.)
• Shares owned following the transaction: Not specified in the provided filing excerpt.
• Transaction codes: A = Award/Grant; F = Tax withholding (not an open-market sale).

Context
RSU grants are compensation, not purchases; companies commonly withhold shares to satisfy tax obligations when awards vest. Withholding is routine and should not be interpreted as an open-market sale or a directional bet by the insider. Purchases by insiders tend to carry more weight for signaling; this filing documents compensation and tax withholding.