Form 4: Werner Enterprises CEO Derek Leathers Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Werner Enterprises CEO Derek Leathers disposed of 6,161 shares of common stock on February 23, 2024, to satisfy tax withholding obligations related to the vesting of restricted stock.
Summary
- On February 23, 2024, Derek J. Leathers, CEO and Chairman of Werner Enterprises Inc., disposed of 6,161 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of 13,307 shares of restricted stock granted on February 23, 2023.
- The shares were disposed of at a price of $40.72 per share.
- Following the transaction, Leathers directly owns 451,716.014 shares of Werner Enterprises Inc.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Disposals to cover tax obligations upon vesting of restricted stock are typical and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of restricted stock grant (13,307 shares). |
| 02/23/2024 | Date of stock disposal to cover tax obligations. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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