Form 4: Werner Enterprises CEO Derek Leathers Reports Stock Transactions
SEC Form 4
CEO Derek Leathers reports disposition of shares to cover tax obligations and holdings in grantor retained annuity trusts.
Summary
- On February 23, 2025, Derek J. Leathers, CEO and Chairman of Werner Enterprises Inc., reported a transaction involving common stock.
- 5,980 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock.
- The disposition price was $33.7 per share.
- Following the transaction, Leathers directly owns 256,257.009 shares.
- Leathers also indirectly owns shares through several Grantor Retained Annuity Trusts (GRATs): 43,392 shares through GRAT 2022-A, 81,740 shares through GRAT 2022-B, 29,294 shares through GRAT 2023, and 85,574 shares through GRAT 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, reflecting neutral sentiment as it reports routine stock transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/05/2022 | Date of Derek J. Leathers 2022-A Grantor Retained Annuity Trust |
| 04/05/2022 | Date of Derek J. Leathers 2022-B Grantor Retained Annuity Trust |
| 05/03/2023 | Date of Derek J. Leathers 2023 Grantor Retained Annuity Trust |
| 02/23/2023 | Date of restricted stock grant to Reporting Person |
| 07/05/2024 | Date of Derek J. Leathers 2024 Grantor Retained Annuity Trust |
| 02/23/2025 | Date of the reported transaction |
| 02/25/2025 | Date of signature |
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