Devin W. Stockfish - 20 Dec 2023 Form 4 Insider Report for WEYERHAEUSER CO (WY)

Role
President and CEO, Director
Signature
/s/ Jose J. Quintana, Attorney-in-fact
Issuer symbol
WY
Transactions as of
20 Dec 2023
Net transactions value
-$68,400
Form type
4
Filing time
21 Dec 2023, 19:54:11 UTC
Previous filing
03 Mar 2023
Next filing
12 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WY Common Options Exercise $434,666 +14,412 +2% $30.16 724,406 20 Dec 2023 Direct F1, F2
transaction WY Common Sale $460,543 -13,336 -1.8% $34.53 711,070 20 Dec 2023 Direct F1, F3
transaction WY Common Options Exercise $498,886 +17,468 +2.5% $28.56 728,538 20 Dec 2023 Direct F1
transaction WY Common Sale $541,410 -15,672 -2.2% $34.55 712,866 20 Dec 2023 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WY Stock Option (right to buy) Options Exercise $0 -14,412 -100% $0.000000* 0 20 Dec 2023 Common 14,412 $30.16 Direct F1, F5
transaction WY Stock Option (right to buy) Options Exercise $0 -17,468 -100% $0.000000* 0 20 Dec 2023 Common 17,468 $28.56 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The exercise of stock options and sale of underlying shares of common stock by the Reporting Person reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 3, 2023. For each option exercised, shares were sold to cover the exercise price, required fees, and taxes; and the Reporting Person has retained the remaining shares acquired upon exercise of the options.
F2 Reported holdings include shares acquired since the Reporting Person's last filing on Form 4 from dividend reinvestment transactions exempt from Section 16 of the Securities Exchange Act of 1934, as amended.
F3 This transaction was executed in multiple trades at prices ranging from $34.5001 to $34.6050. The price reported herein reflects the weighted average sale price of all the trades. The Reporting Person hereby undertakes to provide upon request to the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F4 This transaction was executed in multiple trades at prices ranging from $34.5001 to $34.6400. The price reported herein reflects the weighted average sale price of all the trades. The Reporting Person hereby undertakes to provide upon request to the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5 The option is fully vested.