Heartland Express holder reports major share gift
HEARTLAND EXPRESS INC insider filings show a major family holder reporting a bona fide gift of 4,474,456 shares of common stock, recorded at $0.00 per share.
Rhea-AI Filing Summary
HEARTLAND EXPRESS INC insider filings show a major family holder reporting a bona fide gift of 4,474,456 shares of common stock, recorded at $0.00 per share. The gift reflects annuity distributions from grantor retained annuity trusts created for the benefit of Ann Gerdin.
After this gift, the reporting structure shows 8,939,532 shares of common stock held directly, with additional indirect holdings through various family trusts, children’s trusts, and a family limited partnership. Several co‑trustees, including Julie Durr and Angela Janssen, expressly disclaim beneficial ownership in certain trusts except for their proportional partnership interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,474,456 shares gifted
Gift
9 txns
Insider
Ann S. Gerdin Revocable Trust, Janssen Angela K, Gerdin Ann S, Durr Julie J
Role
10% Owner | Insider | 10% Owner | Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 4,474,456 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,939,532 shares (Direct);
Common Stock — 9,313 shares (Indirect, By Spouse);
Common Stock — 2,914,749 shares (Indirect, Trustee of Trust);
Common Stock — 9,287,780 shares (Indirect, Co-Trustee of Trust);
Common Stock — 76,848 shares (Indirect, Trustee of Trusts);
Common Stock — 1,936,276 shares (Indirect, Co-General Partner of Partnership)
Footnotes (10)
- F1. Annuity distributions made from grantor retained annuity trusts (GRATs) created for the benefit of Ann Gerdin.
- F2. Julie Durr, Angela Janssen, and Mrs. Gerdin are among the co-trustees of the Ann S. Gerdin Revocable Trust. As co-trustees, Ms. Durr and Ms. Janssen disclaim beneficial ownership with respect to this trust.
- F3. Mrs. Janssen's husband owns these shares.
- F4. Julie Durr is the trustee of the Julie J. Durr Revocable Trust.
- F5. Angela Janssen is the trustee of the Angela K. Janssen Revocable Trust.
- F6. Mrs. Durr and Mrs. Janssen are among the co-trustees of the 2009 Gerdin Heartland Trust. As co-trustees, Mrs. Durr and Mrs. Janssen disclaim beneficial ownership with respect to this trust.
- F7. Mrs. Janssen is the trustee of trusts created for the benefit of her children.
- F8. Mrs. Durr is the trustee of trusts created for the benefit of her children.
- F9. Mrs. Durr and Mrs. Janssen are among the co-trustees of the 2007 Gerdin Heartland Trust. As co-trustees, Mrs. Durr and Mrs. Janssen disclaim beneficial ownership with respect to this trust.
- F10. The Ann S. Gerdin Revocable Trust, Mrs. Durr, and Mrs. Janssen are among the co-general partners of Gerdin Family Investments LP. Beneficial ownership is disclaimed except to the extent of each such reporting person's percentage ownership of general and limited partner shares in the partnership.
Key Figures
Gifted shares: 4,474,456 shares
Gift price per share: $0.00 per share
Direct holdings after gift: 8,939,532 shares
+3 more
6 metrics
Gifted shares
4,474,456 shares
Bona fide gift of common stock coded G
Gift price per share
$0.00 per share
Recorded value for the 4,474,456-share gift
Direct holdings after gift
8,939,532 shares
Total shares following transaction in direct ownership
Gerdin Revocable Trust holdings
5,003,805 shares
Total shares following transaction, Co-Trustee of Trust
2009 Gerdin Heartland Trust holdings
4,283,975 shares
Total shares following transaction, Co-Trustee of Trust
Gerdin Family Investments LP holdings
1,936,276 shares
Total shares following transaction, co-general partners
Key Terms
bona fide gift, grantor retained annuity trusts, Revocable Trust, beneficial ownership is disclaimed, +1 more
5 terms
bona fide gift financial
"The transaction is coded as a bona fide gift of common stock."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trusts financial
"Annuity distributions made from grantor retained annuity trusts created for the benefit of Ann Gerdin."
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
Revocable Trust financial
"Julie Durr, Angela Janssen, and Mrs. Gerdin are among the co-trustees of the Ann S. Gerdin Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial ownership is disclaimed financial
"Beneficial ownership is disclaimed except to the extent of each such reporting person's percentage ownership."
co-general partners financial
"The Ann S. Gerdin Revocable Trust, Mrs. Durr, and Mrs. Janssen are among the co-general partners of Gerdin Family Investments LP."
FAQ
What insider activity did HEARTLAND EXPRESS INC (HTLD) report in this Form 4?
The filing reports a bona fide gift of 4,474,456 shares of Heartland Express common stock. This gift comes from grantor retained annuity trusts benefiting Ann Gerdin, with no sale proceeds since the price per share is recorded as $0.00.
AI-generated analysis. How Rhea-AI works. Not financial advice.
