Form 4: J.B. Hunt Executive Scott Lockard Reports Stock Transactions
SEC Form 4
Executive Vice President and CIO of J.B. Hunt, Scott Lockard, reports multiple transactions involving company stock, including the acquisition of restricted stock and the disposition of shares to cover tax obligations.
Summary
- Scott Lockard, an Executive Vice President and CIO at J.B. Hunt, reported several transactions involving the company's common stock on January 31, 2025.
- These transactions include the acquisition of restricted stock units and the disposition of common stock to cover tax liabilities.
- The transactions involved the acquisition of 2,037, 1,684, 1,927, and 1,767 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Lockard disposed of 979, 781, 894, and 820 shares of common stock at a price of $171.22 per share to satisfy tax obligations.
- Following these transactions, Lockard's direct holdings of J.B. Hunt common stock totaled 42,876.43 shares.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.
Industry Context
This is a routine filing for executive stock transactions and is common practice for publicly traded companies.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly traded companies, including those in the transportation and logistics sector like J.B. Hunt.
- Companies such as Knight-Swift Transportation (KNX) and Landstar System (LSTR) also have executives who regularly report similar transactions.
- The vesting of restricted stock units and the subsequent sale of shares to cover taxes are typical components of executive compensation packages across the industry.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of the reported stock transactions. |
| 01/31/2022 | Date of exercisable for some restricted stock. |
| 03/02/2025 | Expiration date for some restricted stock. |
| 01/31/2023 | Date of exercisable for some restricted stock. |
| 03/02/2026 | Expiration date for some restricted stock. |
| 01/31/2024 | Date of exercisable for some restricted stock. |
| 03/02/2027 | Expiration date for some restricted stock. |
| 01/31/2025 | Date of exercisable for some restricted stock. |
| 03/02/2028 | Expiration date for some restricted stock. |
| 07/15/2016 | Date of exercisable for some restricted stock. |
| 08/15/2025 | Expiration date for some restricted stock. |
| 03/31/2026 | Date of exercisable for some restricted stock. |
| 04/15/2026 | Expiration date for some restricted stock. |
| 03/31/2025 | Date of exercisable for some restricted stock. |
| 04/15/2025 | Expiration date for some restricted stock. |
| 03/31/2028 | Date of exercisable for some restricted stock. |
| 04/15/2028 | Expiration date for some restricted stock. |
| 03/31/2027 | Date of exercisable for some restricted stock. |
| 04/15/2027 | Expiration date for some restricted stock. |
| 01/31/2026 | Date of exercisable for some restricted stock. |
Keywords
stock transactions, insider trading, restricted stock, executive compensation, Form 4, JBHT, J.B. Hunt, Scott Lockard
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