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Companies Boise Cascade Co

Boise Cascade (BCC): executive pay, fiscal 2025

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CEO total pay$7,236,278CEO Nate Jorgensen · source
Say-on-pay support97.15%Latest vote · source
CEO vs. named peers62nd pct.Of 13 peer CEOs
CEO pay ratio75:1To the median employee · source

CEO pay, last three years

  • $7,676,740FY2023
  • $7,509,149FY2024
  • $7,236,278FY2025

CEO total pay was $7,236,278 in fiscal 2025, down from $7,509,149 in fiscal 2024.

FY2025: salary $1,104,846 · bonus $0 · stock awards $5,249,964 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Boise Cascade Co in fiscal 2025?
As disclosed, Nate Jorgensen (Chief Executive Officer & Director) was the highest-paid executive at Boise Cascade Co in fiscal 2025, with total compensation of $7,236,278.
How does Boise Cascade Co's chief executive pay compare to its disclosed peer group?
As disclosed, Nate Jorgensen's total compensation ranked at the 62nd percentile of Boise Cascade Co's disclosed peer group.
What is Boise Cascade Co's CEO-to-median employee pay ratio?
As disclosed, Boise Cascade Co's CEO-to-median employee pay ratio was 75:1.
How did shareholders vote on Boise Cascade Co's executive compensation?
As disclosed, 97.15% of shareholders supported Boise Cascade Co's executive compensation in the latest say-on-pay vote.
How much does Boise Cascade Co spend in total on board compensation for fiscal 2025?
As disclosed, Boise Cascade Co reported total board compensation of $2,714,317 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Nate Jorgensen$1,104,846$0$5,249,964$0$689,424$26,891$165,153$7,236,278
Chief Executive Officer & Director
Jeff Strom647,50001,499,9600336,52219,84081,3252,585,147
Chief Operating Officer
Kelly Hibbs602,65401,050,0760250,70424,16174,4882,002,083
SVP, Chief Financial Officer, and Treasurer
Joanna Barney515,34601,050,0760254,8979,70252,3371,882,358
EVP, Building Materials Distribution
Troy Little564,42301,050,076058,70017,06766,1421,756,408
EVP, Wood Products

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Nate Jorgensen$7,236,278$7,509,149$7,676,740↓ −272,871
Jeff Strom2,585,1472,155,8362,393,024↑ +429,311
Kelly Hibbs2,002,0832,128,1582,481,524↓ −126,075
Joanna Barney1,882,358———
Troy Little1,756,4081,929,196—↓ −172,788

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy is designed to emphasize a focus on total compensation, with a large portion of our NEOs' pay being performance-based and considered variable, 'at risk,' and aligned with shareholder interests. We seek to pay for performance so that we can recruit and retain the talented employees necessary to drive superior financial and operational results.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeff StromRSU2025-03-01——7,235—$749,980
Troy LittleRSU2025-03-01——5,065—525,038
Joanna BarneyPSU2025-03-012,5335,065—10,130525,038
Joanna BarneyRSU2025-03-01——5,065—525,038
Nate JorgensenRSU2025-03-01——25,323—2,624,982
Kelly HibbsRSU2025-03-01——5,065—525,038
Jeff StromPSU2025-03-013,6187,235—14,470749,980
Troy LittlePSU2025-03-012,5335,065—10,130525,038
Kelly HibbsPSU2025-03-012,5335,065—10,130525,038
Nate JorgensenPSU2025-03-0112,66225,323—50,6462,624,982

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeff Strom$749,980$749,980$050.0%
Troy Little525,038525,038050.0%
Joanna Barney525,038525,038050.0%
Nate Jorgensen2,624,9822,624,982050.0%
Kelly Hibbs525,038525,038050.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Joanna BarneyRSU745—$54,832
Troy LittleRSU745—54,832
Joanna BarneyRSU1,330—97,888
Jeff StromRSU2,115—155,664
Kelly HibbsRSU2,115—155,664
Joanna BarneyPSU2,255—165,968
Jeff StromRSU2,419—178,038
Kelly HibbsRSU2,419—178,038
Troy LittleRSU2,419—178,038
Jeff StromPSU4,101—301,834
Kelly HibbsPSU4,101—301,834
Troy LittlePSU4,101—301,834
Joanna BarneyRSU4,472—329,139
Troy LittleRSU4,472—329,139
Kelly HibbsRSU5,065—372,784
Joanna BarneyRSU5,065—372,784
Troy LittleRSU5,065—372,784
Kelly HibbsPSU6,736—495,770
Joanna BarneyPSU6,736—495,770
Troy LittlePSU6,736—495,770
Jeff StromRSU7,235—532,496
Nate JorgensenRSU8,894—654,598
Jeff StromPSU9,623—708,253
Nate JorgensenRSU12,096—890,266
Jeff StromRSU12,692—934,131
Kelly HibbsRSU12,692—934,131
Nate JorgensenPSU20,503—1,509,021
Nate JorgensenRSU25,323—1,863,773
Nate JorgensenPSU33,680—2,478,848
Nate JorgensenRSU53,368—3,927,885
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas CarlileNot independent · Board Chair$208,750$174,978——$0$383,728
Kristopher MatulaIndependent · Lead Independent Director · Compensation · Corporate Governance and Nominating121,875149,996——0290,028
David HannahIndependent128,750149,996——0278,746
Karen GowlandIndependent · Corporate Governance and Nominating (Chair)113,125149,996——0274,409
Duane McDougallIndependent · Corporate Governance and Nominating · Audit123,125149,996——0273,121
Steven CooperIndependent · Corporate Governance and Nominating · Audit98,750149,996——0258,173
Sue TaylorIndependent · Audit · Compensation98,750149,996——0253,783
Craig DawsonIndependent · Audit · Compensation98,750149,996——0248,746
Christopher McGowanIndependent · Compensation · Corporate Governance and Nominating98,750149,996——0248,746
Amy HumphreysIndependent · Corporate Governance and Nominating · Compensation · Audit98,750149,996——0248,746
Jeff StromEmployee director · chief executive officer (March 2026 to present) · executive vice president, BMD segment (March 2021 to January 2025)—————0
Nate JorgensenEmployee director · Nominating/Governance · Departed during FY—————0

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 15,000
Stock ownership guidelineRobust stock ownership guidelines:

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,189,375
Equity awards (grant-date value)$1,524,942
All other compensation$0
Total cost of the board$2,714,317

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Boise Cascade as a peer

Companies that benchmark against BCC

10 companies name BCC as a compensation peer

The list of companies that name BCC as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Boise Cascade Co names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Griffon Corporation2025Ronald Kramer$1,286,463$6,427,488$0$7,881,704$17,515,575
2Eagle Materials Inc.2026Michael Haack1,119,4565,457,2701,657,8341,948,98710,302,728
3Armstrong World Industries2025Victor Grizzle1,000,0005,599,53201,584,0008,537,000
4Builders FirstSource, Inc.2025Peter Jackson1,000,0006,573,0620549,7628,133,324
5Simpson Manufacturing Company, Inc.2025Michael Olosky950,0005,383,38401,389,7137,768,355
6Boise Cascade Co2025Nate Jorgensen1,104,8465,249,9640689,4247,236,278
7Jeld-WEN Holding, Inc.2025William Christensen1,060,7842,300,8902,284,066621,4736,283,343
8Louisiana Pacific Corporation2025Jason Ringblom737,2173,434,27801,040,1225,393,288
9BlueLinx Corporation2025Shyam Reddy838,1544,086,804005,369,222
10A.O. Smith Corporation2025Stephen Shafer965,7502,678,04401,068,0004,960,450
11American Woodmark Corporation2025M. Scott Culbreth957,5773,208,4460696,3504,886,047
12Gibraltar Industries Corporation2025William Bosway908,2693,202,4400274,5004,731,001
13UFP Industries, Inc.2025William Schwartz600,7501,633,99501,400,0003,716,568
14Quanex Building Products Corporation2025George Wilson950,0001,853,4250737,5783,635,424

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Boise Cascade Conot disclosednot disclosednot disclosedFW Cook
A.O. Smith Corporation98.3%RSU 50 · Cash LTI 35 · PSU 15NoWillis Towers Watson (WTW)
American Woodmark Corporation60.75%RSU 50 · PSU 50NoMeridian Compensation Partners
Armstrong World Industriesnot disclosedRSU 50 · PRSU 50not disclosedAon
BlueLinx Corporationnot disclosedRSU 50 · PRSU 50not disclosedMeridian Compensation Partners, LLC
Builders FirstSource, Inc.36.7%not disclosedNoMeridian
Eagle Materials Inc.not disclosedOptions 50 · PSU 25 · RSU 25Yes — Average Absolute Total Stockholder Return (Avg. A-TSR)Meridian Compensation Partners
Gibraltar Industries Corporation25%PSU 64 · RSU 36NoWTW
Griffon Corporationnot disclosedPRSU 100not disclosedGallagher Human Resources and Compensation Consulting
Jeld-WEN Holding, Inc.42%PSU 50 · RSU 25 · Options 25NoPay Governance
Louisiana Pacific Corporation135%PSU 60 · RSU 40NoFW Cook
Quanex Building Products Corporationnot disclosedPerformance Shares 40 · Restricted Stock 30 · PRSU 30not disclosedFrederic W. Cook & Co., Inc.
Simpson Manufacturing Company, Inc.not disclosednot disclosednot disclosednot disclosed
UFP Industries, Inc.not disclosednot disclosedNonot disclosed

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-3030,375,119891,99332,34497.15%Passed
20252025-05-0132,679,4641,149,63543,05096.6%Passed
20242024-05-0233,871,2061,611,74368,09395.46%Passed
20232023-05-0433,421,0712,076,46883,09194.15%Passed
20222022-05-0533,600,509945,06539,64897.26%Passed
20212021-05-0634,143,550562,12361,36598.38%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-04-3097.15%a
20252025-05-0196.6%b
20242024-05-0295.46%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)75 : 1
CEO total compensation$3,937,947
Median employee compensation$52,502
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (51 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Nate Jorgensen. DEF 14A, filed 2026-03-17. Section “2025 Summary Compensation Table” · page 46. As printed: 7,236,278. View filing ↗
  • Section 01, Jeff Strom. DEF 14A, filed 2026-03-17. Section “2025 Summary Compensation Table”. As printed: 2,585,147. View filing ↗
  • Section 01, Kelly Hibbs. DEF 14A, filed 2026-03-17. Section “2025 Summary Compensation Table”. As printed: 2,002,083. View filing ↗
  • Section 01, Joanna Barney. DEF 14A, filed 2026-03-17. Section “2025 Summary Compensation Table”. As printed: 1,882,358. View filing ↗
  • Section 01, Troy Little. DEF 14A, filed 2026-03-17. Section “2025 Summary Compensation Table”. As printed: 1,756,408. View filing ↗
  • Section 03, Jeff Strom RSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Troy Little RSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joanna Barney PSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joanna Barney RSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Nate Jorgensen RSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Kelly Hibbs RSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeff Strom PSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Troy Little PSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Kelly Hibbs PSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Nate Jorgensen PSU. DEF 14A, filed 2026-03-17. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2020-03-27. Section “CEO Pay Ratio”. As printed: 75 : 1. View filing ↗
  • Section 08, Thomas Carlile. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 383,728. View filing ↗
  • Section 08, Kristopher Matula. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 290,028. View filing ↗
  • Section 08, David Hannah. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 278,746. View filing ↗
  • Section 08, Karen Gowland. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 274,409. View filing ↗
  • Section 08, Duane McDougall. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 273,121. View filing ↗
  • Section 08, Steven Cooper. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 258,173. View filing ↗
  • Section 08, Sue Taylor. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 253,783. View filing ↗
  • Section 08, Craig Dawson. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 248,746. View filing ↗
  • Section 08, Christopher McGowan. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 248,746. View filing ↗
  • Section 08, Amy Humphreys. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 248,746. View filing ↗
  • Section 08, Jeff Strom. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Nate Jorgensen. DEF 14A, filed 2026-03-17. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-04. Item 5.07 · say-on-pay result. As reported: 97.15% (votes for as printed: 30,375,119). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-05. Item 5.07 · say-on-pay result. As reported: 96.6% (votes for as printed: 32,679,464). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-06. Item 5.07 · say-on-pay result. As reported: 95.46% (votes for as printed: 33,871,206). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,189,375 + equity 1,524,942 + all other 0 = 2,714,317, summed across the director compensation table rows.
  • Griffon Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-09. CEO total compensation as printed in Griffon Corporation's own proxy. As printed: 17,515,575. View filing ↗
  • Eagle Materials Inc., Section 10b CEO total. DEF 14A, filed 2026-06-15. CEO total compensation as printed in Eagle Materials Inc.'s own proxy. As printed: 10,302,728. View filing ↗
  • Armstrong World Industries, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Armstrong World Industries's own proxy. As printed: 8,537,000. View filing ↗
  • Builders FirstSource, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Builders FirstSource, Inc.'s own proxy. As printed: 8,133,324. View filing ↗
  • Simpson Manufacturing Company, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Simpson Manufacturing Company, Inc.'s own proxy. As printed: 7,768,355. View filing ↗
  • Boise Cascade Co (subject), Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Boise Cascade Co's own proxy. As printed: 7,236,278. View filing ↗
  • Jeld-WEN Holding, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Jeld-WEN Holding, Inc.'s own proxy. As printed: 6,283,343. View filing ↗
  • Louisiana Pacific Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Louisiana Pacific Corporation's own proxy. As printed: 5,393,288. View filing ↗
  • BlueLinx Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in BlueLinx Corporation's own proxy. As printed: 5,369,222. View filing ↗
  • A.O. Smith Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-04. CEO total compensation as printed in A.O. Smith Corporation's own proxy. As printed: 4,960,450. View filing ↗
  • American Woodmark Corporation, Section 10b CEO total. DEF 14A, filed 2025-06-25. CEO total compensation as printed in American Woodmark Corporation's own proxy. As printed: 4,886,047. View filing ↗
  • Gibraltar Industries Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Gibraltar Industries Corporation's own proxy. As printed: 4,731,001. View filing ↗
  • UFP Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-09. CEO total compensation as printed in UFP Industries, Inc.'s own proxy. As printed: 3,716,568. View filing ↗
  • Quanex Building Products Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-28. CEO total compensation as printed in Quanex Building Products Corporation's own proxy. As printed: 3,635,424. View filing ↗
  • Section 10a, Louisiana Pacific Corporation reciprocity. DEF 14A. Louisiana Pacific Corporation names Boise Cascade Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, BlueLinx Corporation reciprocity. DEF 14A. BlueLinx Corporation names Boise Cascade Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, UFP Industries, Inc. reciprocity. DEF 14A. UFP Industries, Inc. names Boise Cascade Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
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