Form 4: Hub Group CEO Yeager Reports Routine Stock Transactions
Insider Transaction Report
Hub Group's President, CEO, and Vice Chairman, Phillip D. Yeager, reported acquisitions of Class A Common Stock through restricted stock vesting and a disposition for tax withholding.
Summary
- Phillip D. Yeager, President, CEO & Vice Chairman of Hub Group, Inc. (HUBG), reported transactions on January 2, 2026.
- Disposed of 30,104 shares of Class A Common Stock at a price of $42.75 per share to cover tax withholding obligations.
- Acquired 44,348 shares of Class A Common Stock upon the vesting of a performance-based restricted stock award, originally granted on January 2, 2023.
- Acquired an additional 43,275 shares of Class A Common Stock from a restricted stock award that vests annually over five years.
- Following these transactions, direct beneficial ownership includes 225,834 shares of Class A Common Stock and 28,339 shares of Class B Common Stock.
- Indirect beneficial ownership includes 170 shares of Class A Common Stock via a 401(k) plan and 223,155 shares each of Class A and Class B Common Stock held by trusts.
Sentiment
Score: 7
Explanation: The filing reports routine executive compensation events, specifically the vesting of restricted stock awards and the associated tax withholding. This is a standard occurrence and reflects the execution of pre-existing compensation plans, indicating a neutral to slightly positive sentiment due to the vesting of awards.
Positives
- Acquisition of 44,348 shares of Class A Common Stock from the vesting of a performance-based restricted stock award, indicating achievement of performance metrics.
- Acquisition of 43,275 shares of Class A Common Stock from a restricted stock award, reflecting ongoing equity compensation and alignment with shareholder interests.
Negatives
- Disposition of 30,104 shares of Class A Common Stock at $42.75 per share to satisfy tax obligations related to the vesting of equity awards.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Indirect beneficial ownership of Class A and Class B Common Stock is held through the DPY 2015 Exempt Children's Trust and the David P. Yeager 2020 Hub Exempt Trust, where Phillip D. Yeager serves as a trustee. Trustees disclaim beneficial ownership except to the extent of their pecuniary interest.
Stakeholder Impact
- Shareholders: The filing indicates ongoing executive equity compensation, aligning management's interests with shareholder value through stock ownership.
- Employees: No direct impact on the broader employee base is indicated by this specific filing.
Next Steps
- Continued annual vesting of the restricted stock award over the next five years, as per the terms of the grant.
Key Dates
| Date | Description |
|---|---|
| 2023-01-02 | Grant date of a performance-based restricted stock award. |
| 2026-01-02 | Transaction date for stock acquisitions and dispositions related to vesting. |
| 2026-01-06 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Hub Group, HUBG, Form 4, Insider Transaction, Executive Compensation, Restricted Stock, Equity Award, Stock Vesting
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