Form 4: Werner Enterprises Exec VP Nordlund Sells Shares to Cover Tax Obligations
SEC Filing
Executive VP of Strategic Partnerships at Werner Enterprises, H Marty Nordlund, sold shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- H Marty Nordlund, Executive VP of Strategic Partnerships at Werner Enterprises, filed a Form 4.
- The filing reports a transaction on February 7, 2025, where 695 shares of common stock were disposed of at a price of $34.44 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of 1,348 shares of restricted stock granted on February 7, 2022.
- Following the transaction, Nordlund beneficially owns 60,451.074 shares of Werner Enterprises common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested stock), so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from the vesting of stock awards.
Key Dates
| Date | Description |
|---|---|
| 02/07/2022 | Date of restricted stock grant to the Reporting Person. |
| 02/07/2025 | Date of transaction (stock sale to cover tax obligations). |
| 02/11/2025 | Date of signature on the Form 4 filing. |
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