BlueLinx (NYSE: BXC) CEO details RSU vesting, tax withholding and new equity awards
Rhea-AI Filing Summary
BlueLinx Holdings Inc. President and CEO Shyam K. Reddy reported equity compensation activity and related tax withholding. On June 6-7, 2026, he exercised or converted a total of 19,190 time-based restricted stock and restricted stock units into common stock, reflecting scheduled vesting.
Across those vesting events, 8,659, 5,411 and 5,120 time-based restricted stock units vested, each in three equal annual installments, and an aggregate 8,549 common shares were withheld at $50.30 per share to cover tax obligations. In addition, he received new time-based restricted stock unit awards of 29,821, 9,941 and 39,761 units, which are scheduled to vest in installments or on specific future dates, with delivery of shares within 30 days after each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock | 5,411 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,120 | $0.00 | -- |
| Exercise | Common Stock | 5,411 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,411 | $50.30 | $121K |
| Exercise | Common Stock | 5,120 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,281 | $50.30 | $115K |
| Exercise | Restricted Stock | 8,659 | $0.00 | -- |
| Exercise | Common Stock | 8,659 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,857 | $50.30 | $194K |
| Grant/Award | Restricted Stock Units | 39,761 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 9,941 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 29,821 | $0.00 | -- |
Footnotes (1)
- Represents the conversion of restricted stock units that vested on June 6, 2026. These are time based restricted stock units that vest in three equal annual installments, with the first vesting on June 6, 2026. Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. common stock. These shares were withheld to cover tax withholding obligations when 8,659 time-based restricted stock units vested on June 6, 2026. Represents the conversion of restricted stock units that vested on June 7, 2026. These are time based restricted stock units that vest in three equal annual installments, with the first vesting on June 7, 2024. These shares were withheld to cover tax withholding obligations when 5,411 time-based restricted stock units vested on June 7, 2026. Represents the conversion of restricted stock units that vested on June 7, 2026. These are time based restricted stock units that vest in three equal annual installments, with the first vesting on June 7, 2025. These shares were withheld to cover tax withholding obligations when 5,120 time-based restricted stock units vested on June 7, 2026. These are time-based restricted stock units that vest in three equal annual installments commencing on June 5, 2027. Vested shares will be delivered to the reporting person no later than 30 days after each vesting date. These are time-based restricted stock units that vest on June 5, 2029. Vested shares will be delivered to the reporting person no later than 30 days after each vesting date. These are time-based restricted stock units that vest on June 5, 2029. Vested shares will be delivered to the reporting person no later than 30 days after each vesting date. The Reporting Person is not permitted to sell, transfer, pledge, or assign these restricted stock units for a period of two (2) years from June 5, 2029.