v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity of PSU and RSU Awards
The following summarizes the activity of our PSUs and RSUs awarded under our incentive plan for the six months ended June 30, 2025:
PSUsRSUs
Number of sharesWeighted Average Grant-Date Fair ValueNumber of sharesWeighted Average Grant-Date Fair Value
Outstanding, December 31, 2024257,024 $86.31 131,797 $104.45 
Granted83,616 103.66 99,025 103.57 
Performance condition adjustment (a)(1,157)137.79 — — 
Vested(81,165)81.15 (70,933)99.65 
Forfeited(14,948)89.90 (7,644)103.99 
Outstanding, June 30, 2025243,370 $93.53 152,245 $106.14 
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(a)    Represents total PSUs forfeited during the six months ended June 30, 2025, related to below-target achievement of the 2024 performance condition on awards granted to other employees in 2024. During the 2024 performance period, other employees earned 90% of the target based on Boise Cascade's 2024 EBITDA, determined by executive management, in accordance with the related grant agreement.
Schedule of Total Stock-based Compensation Recognized From PSUs & RSUs Total stock-based compensation recognized from PSUs and RSUs, net of forfeitures, was as follows:
Three Months Ended
June 30
Six Months Ended
June 30
2025202420252024
(thousands)
PSUs$1,194 $2,045 $3,026 $4,322 
RSUs2,059 1,773 3,984 3,601 
Total$3,253 $3,818 $7,010 $7,923