Werner (NASDAQ: WERN) EVP uses 581 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Werner Enterprises executive Craig T. Callahan, Executive Vice President and Chief Commercial Officer, reported a tax-withholding disposition of 581 shares of common stock at $32.80 per share. The shares were withheld to cover taxes on the vesting of 1,256 restricted shares granted on February 23, 2023, leaving him with 69,199.822 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CALLAHAN CRAIG T
Role
Exec VP-Chief Commercial Offcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 581 | $32.80 | $19K |
Holdings After Transaction:
Common Stock — 69,199.822 shares (Direct)
Footnotes (1)
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FAQ
What did Werner Enterprises (WERN) executive Craig T. Callahan report in this Form 4?
Craig T. Callahan reported a tax-withholding disposition of 581 Werner Enterprises common shares. The shares were withheld at $32.80 each to satisfy tax obligations linked to vesting of 1,256 restricted shares granted to him on February 23, 2023.
Was Craig T. Callahan’s Werner (WERN) Form 4 transaction an open market sale?
No, the transaction was a tax-withholding disposition, not an open market sale. Shares were automatically withheld to cover tax liabilities arising from the vesting of previously granted restricted stock, a common administrative process for equity compensation plans.
What restricted stock grant is referenced in Craig T. Callahan’s Werner (WERN) Form 4?
The Form 4 references 1,256 shares of restricted stock granted to Craig T. Callahan on February 23, 2023. The reported 581-share disposition represents shares withheld to satisfy tax obligations when that restricted stock award vested.