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Weyerhaeuser Co (NYSE:WY), a leader in the real estate investment trust market, announced modifications to its executive compensation framework. On January 22, 2025, the Compensation Committee of the company’s Board of Directors approved new terms and conditions for performance share unit awards and restricted stock unit awards for executive officers under the Weyerhaeuser Company 2022 Long-Term Incentive Plan.
The revised terms, which are expected to guide future grants, aim to align executive compensation more closely with the company’s long-term performance and shareholder interests. The details of these changes are outlined in the exhibits attached to the company’s 8-K filing with the Securities and Exchange Commission (SEC).
Weyerhaeuser, headquartered in Seattle, Washington, operates within the real estate and construction sector, focusing on sustainable forest products. The company’s common stock is traded on the New York Stock Exchange under the ticker symbol WY.
The adjustments in the compensation structure reflect a continuous effort by the organization to maintain competitive and effective incentive plans that support the attraction and retention of key talent. These changes are part of the normal review process that companies periodically undertake to ensure that their compensation policies are in line with evolving best practices and regulatory requirements.
The announcement did not specify the exact nature of the modifications, but the filing indicates that the new forms of terms and conditions will be applicable to future awards granted to the company’s executive officers. The full documentation of the new compensation terms is available in the exhibits filed with the SEC.
Investors and stakeholders can access the details of the new performance share unit award terms and conditions and restricted stock unit award terms and conditions through the SEC filing. This move by Weyerhaeuser is based on a press release statement and is part of the company’s regular disclosure practices.
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