Form 4: J.B. Hunt EVP/CIO Converts Restricted Stock to Common Shares
Insider Transaction Report
J.B. Hunt Transport Services Inc. EVP/CIO Scott Stuart Lockard converted 7,005 restricted stock units into common stock, increasing his direct beneficial ownership.
Summary
- Scott Stuart Lockard, EVP/CIO of J.B. Hunt Transport Services Inc. (JBHT), reported transactions on January 31, 2026, pursuant to a Rule 10b5-1 plan.
- He converted a total of 7,005 restricted stock units into common stock across four separate transactions.
- The conversions involved 1,627 shares, 1,767 shares, 1,684 shares, and 1,927 shares, all acquired at a price of $0.00, indicating vesting of restricted stock awards.
- Following these transactions, Lockard directly beneficially owns 52,423.43 shares of common stock.
- He also retains beneficial ownership of 8,770 derivative securities (restricted stock) with various vesting and expiration dates.
- A Power of Attorney, effective July 23, 2025, authorizes specific individuals to file SEC Forms 3, 4, and 5 on Lockard's behalf to ensure compliance with Section 16(a) of the Exchange Act.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, as it indicates a key executive's vested interest in the company's long-term performance through increased direct share ownership.
Positives
- Increased direct beneficial ownership of common stock by a key executive, aligning management interests with shareholders.
- The conversion of restricted stock indicates vesting, which is a positive for executive compensation and retention.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine insider transactions like restricted stock conversions are common in the transportation and logistics industry, reflecting standard executive compensation practices. These transactions generally do not indicate a shift in broader industry trends but rather the execution of pre-established equity incentive plans.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Stuart Lockard granted power of attorney to John Kuhlow, Juli Dorrough, Whitney Elliott, and Danielle Thomas to prepare and execute SEC Forms 3, 4, and 5 on his behalf. | 07/23/2025 | Streamlines compliance with Section 16(a) of the Securities Exchange Act of 1934 for the reporting person. |
Stakeholder Impact
- Shareholders: Increased alignment of executive interests with shareholders due to higher direct stock ownership.
- Employees: Standard executive compensation practices are being executed.
Key Dates
| Date | Description |
|---|---|
| 01/31/2023 | Date exercisable for 1,684 restricted stock units. |
| 01/31/2024 | Date exercisable for 1,927 restricted stock units. |
| 01/31/2025 | Date exercisable for 1,767 restricted stock units. |
| 07/23/2025 | Effective date of the Power of Attorney for filing SEC forms. |
| 01/31/2026 | Transaction date for the conversion of restricted stock to common stock and date exercisable for 1,627 restricted stock units. |
| 02/02/2026 | Signature date of the reporting person's attorney-in-fact for the Form 4. |
| 03/02/2026 | Expiration date for 1,684 restricted stock units. |
| 03/02/2027 | Expiration date for 1,927 restricted stock units. |
| 03/02/2028 | Expiration date for 1,767 and 1,627 restricted stock units. |
Recommendation
holdThis Form 4 filing reports a routine conversion of restricted stock by an executive, which is a positive sign of insider ownership but does not provide new fundamental information to warrant a change in investment thesis. It reinforces alignment but doesn't suggest a significant shift in company prospects.
Keywords
J.B. Hunt, JBHT, Scott Stuart Lockard, EVP/CIO, Form 4, insider transaction, restricted stock, common stock, beneficial ownership, executive compensation, SEC filing
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