Form 4: Werner Enterprises Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Daragh P. Mahon, Executive Vice President & CIO of Werner Enterprises, sold shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- On February 23, 2025, Daragh P. Mahon, Executive Vice President & CIO of Werner Enterprises, sold 581 shares of common stock.
- The sale was executed to satisfy tax withholding obligations related to the vesting of 1,256 shares of restricted stock granted on February 23, 2023.
- The transaction price was $33.7 per share.
- Following the transaction, Mahon directly owns 35,526.732 shares of Werner Enterprises common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations related to stock vesting, which is a common practice among executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of restricted stock grant (1,256 shares). |
| 02/23/2025 | Date of transaction (sale of 581 shares). |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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