[Form 4] HEARTLAND EXPRESS INC Insider Trading Activity
Rhea-AI Filing Summary
Joshua Stefan Helmich, SVP and CFO of Heartland Express, reported on a Form 4 that 70 shares of Heartland Express Inc. (HTLD) were disposed of on 10/01/2025 at a price of $8.33 per share. The filing explains these shares were deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the reporting person. After the transaction, the filing shows the reporting person beneficially owned 7,613 shares directly. The Form 4 was signed by power of attorney and dated 10/03/2025.
Positive
- Form 4 filed, demonstrating compliance with Section 16 reporting requirements
- Transaction is explicitly described as tax withholding on vested restricted stock, indicating routine compensation processing
Negative
- None.
Insights
Insider sale was a withholding for tax on vested restricted stock, not an open-market disposition.
This Form 4 discloses a 70-share disposition on 10/01/2025 coded as a tax withholding (code F with explanatory note). That coding indicates the company satisfied tax obligations tied to restricted stock vesting rather than a voluntary sale for cash.
Because the filing shows the reporting person remains a significant shareholder with 7,613 shares post-transaction, the event signals routine compensation mechanics and confirms Section 16 reporting compliance.
Share count withheld (70 shares) equates to tax withholding on vested RSUs, value shown at $8.33 per share.
The explanation explicitly states the shares were "deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock," tying the transaction to compensation taxation rather than discretionary selling. The per-share price disclosed is $8.33, which provides the taxable value used for withholding.