Form 4: J.B. Hunt Executive Eric McGee Reports Stock Sale and Beneficial Ownership
SEC Form 4 Filing
Eric McGee, EVP of ICS at J.B. Hunt, reports the sale of 3,300 shares of common stock at $169 per share and details beneficial ownership of common stock and restricted stock.
Summary
- Eric McGee, an Executive Vice President at J.B. Hunt Transport Services, reported a transaction involving the company's common stock on February 4, 2025.
- McGee sold 3,300 shares of common stock at a price of $169 per share.
- Following the transaction, McGee directly owns 825 shares of common stock and indirectly owns 6,497.4015 shares through a 401(k).
- McGee also holds various restricted stock units that convert into common stock, with expiration dates ranging from 2025 to 2028.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. It's important to consider the overall context of executive compensation and insider trading activity when evaluating the significance of this transaction.
Comparison to Industry Standards
- Executive compensation packages in the transportation industry often include a mix of salary, stock options, and restricted stock units.
- The vesting schedules and expiration dates of McGee's restricted stock are typical for executive compensation plans.
- Comparing McGee's stock ownership and trading activity to that of executives at similar companies like Schneider National or Knight-Swift Transportation can provide a broader perspective on executive compensation trends in the industry.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on the overall market perception of the transaction.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/31/2023 | Date exercisable for restricted stock converting to 398 common shares, expiring 03/02/2026 |
| 01/31/2024 | Date exercisable for restricted stock converting to 2,434 common shares, expiring 02/28/2026 |
| 01/31/2024 | Date exercisable for restricted stock converting to 1,146 common shares, expiring 03/02/2027 |
| 01/31/2025 | Date exercisable for restricted stock converting to 1,531 common shares, expiring 03/02/2028 |
| 02/04/2025 | Date of stock sale transaction |
| 03/31/2025 | Date exercisable for restricted stock converting to 530 common shares, expiring 04/15/2025 |
| 03/31/2026 | Date exercisable for restricted stock converting to 764 common shares, expiring 04/15/2026 |
| 01/31/2026 | Date exercisable for restricted stock converting to 1,116 common shares, expiring 03/02/2028 |
| 03/31/2027 | Date exercisable for restricted stock converting to 680 common shares, expiring 04/15/2027 |
| 03/31/2028 | Date exercisable for restricted stock converting to 1,673 common shares, expiring 04/15/2028 |
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