Weyerhaeuser (WY) SVP has shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weyerhaeuser Senior Vice President Denise M. Merle reported automatic share disposals tied to equity award vesting, not open-market selling. On the vesting date, 8,250 common shares at $24.53 and 8,184 common shares at $24.53 were withheld to cover tax obligations for restricted stock unit and performance share unit awards. After these tax-withholding dispositions, she continued to hold over 231,000 Weyerhaeuser common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Merle Denise M
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common | 8,250 | $24.53 | $202K |
| Tax Withholding | Common | 8,184 | $24.53 | $201K |
Holdings After Transaction:
Common — 239,820.506 shares (Direct)
Footnotes (1)
- These shares are being withheld to cover taxes for restricted stock unit vestings. The number of shares reflects the settlement of fractional shares in cash upon full vesting of the 2022 restricted stock unit award. These shares are being withheld to cover taxes for a performance share unit vesting. The number of shares reflects the settlement of fractional shares in cash upon full vesting of the 2023 performance stock unit award.
FAQ
What did Denise M. Merle report in the latest Weyerhaeuser (WY) Form 4?
She reported two tax-withholding share dispositions tied to equity awards, not open-market sales. A total of 8,250 and 8,184 Weyerhaeuser common shares were withheld at $24.53 per share to satisfy tax obligations on vesting stock awards.
Were the Weyerhaeuser (WY) Form 4 transactions open-market sales?
No, the transactions were coded “F” and described as tax-withholding dispositions. Shares were withheld by the company to pay exercise price or tax liabilities on vesting awards, rather than sold by Denise M. Merle on the open market.