Form 4: Werner Enterprises Executive VP Craig Callahan Reports Stock Disposal to Cover Tax Obligations
SEC Form 4
Craig Callahan, Executive VP and Chief Commercial Officer of Werner Enterprises, disposed of 508 shares of common stock on February 23, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On February 23, 2024, Craig T. Callahan, Executive VP-Chief Commercial Officer of Werner Enterprises Inc. (WERN), disposed of 508 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 1,293 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, Callahan directly owns 48,938.334 shares of Werner Enterprises Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from stock vesting, a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of restricted stock grant to Craig T. Callahan. |
| 02/23/2024 | Date of stock disposal to cover tax withholding obligations. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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