Form 4: J.B. Hunt Executive Eric McGee Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President of J.B. Hunt, Eric McGee, reports the acquisition of restricted stock and the adjustment of shares held in a 401(k).
Summary
- Eric McGee, Executive Vice President of ICS at J.B. Hunt Transport Services Inc., reported several transactions involving the company's stock.
- These transactions include the acquisition of 1,673 shares of restricted stock on January 23, 2025, and 1,116 shares of restricted stock on the same date.
- Additionally, there was an adjustment of 6,497.4015 shares held in a 401(k) account.
- The report also details various holdings of restricted stock with different vesting dates, ranging from 2025 to 2028.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly listed companies like J.B. Hunt.
- These transactions are typically disclosed via SEC Form 4 filings, which is a common requirement for company insiders.
- The vesting schedules for restricted stock are also typical, often spanning several years to align executive interests with long-term company performance.
- Companies like Schneider National and Knight-Swift Transportation also have similar reporting requirements for their executives.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholder sentiment, but are generally considered routine.
- The vesting of restricted stock aligns executive interests with the long-term performance of the company.
Key Dates
| Date | Description |
|---|---|
| 05/02/2017 | Date of execution of the Power of Attorney. |
| 01/31/2022 | Restricted stock grant with vesting date 03/02/2025. |
| 01/31/2023 | Restricted stock grant with vesting date 03/02/2026. |
| 01/31/2024 | Restricted stock grant with vesting date 02/28/2026 and 03/02/2027. |
| 01/23/2025 | Date of acquisition of 1,673 and 1,116 shares of restricted stock. |
| 01/27/2025 | Date of signature of the Form 4 report. |
| 01/31/2025 | Restricted stock grant with vesting date 03/02/2028. |
| 03/31/2025 | Restricted stock grant with vesting date 04/15/2025. |
| 03/31/2026 | Restricted stock grant with vesting date 04/15/2026. |
| 03/31/2027 | Restricted stock grant with vesting date 04/15/2027. |
| 03/31/2028 | Restricted stock grant with vesting date 04/15/2028. |
Keywords
stock transactions, restricted stock, insider trading, Form 4, J.B. Hunt, executive compensation, 401k, equity
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