Heartland Express insider awarded 500 restricted shares
Heartland Express, Inc. filed a Form 4 showing an indirect acquisition of 500 restricted shares of common stock by the spouse of co‑trustee Angela Janssen.
Rhea-AI Filing Summary
Heartland Express, Inc. filed a Form 4 showing an indirect acquisition of 500 restricted shares of common stock by the spouse of co‑trustee Angela Janssen. The award was granted under the 2021 Restricted Stock Plan and vested immediately, increasing her spouse’s indirect holdings to 9,313 shares held by him.
The filing also updates the reporting of several large indirect positions in Heartland Express common stock held through family trusts and partnerships, where various co‑trustees, including Ann S. Gerdin, Angela Janssen, and Julie Durr, note their roles and in several cases disclaim beneficial ownership beyond their economic interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 500 shares
Grant/Award
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 500 | $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 — 9,313 shares (Indirect, By Spouse);
Common Stock — 4,465,076 shares (Direct);
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. Angela Janssen's husband received 500 restricted shares of Heartland Express, Inc. common stock as an award under the 2021 Restricted Stock Plan. The award vested immediately.
- F2. Mrs. Janssen's husband owns these shares.
- F3. 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.
- 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
Restricted shares granted: 500 shares
Indirect shares by spouse after award: 9,313 shares
Direct common stock holding: 4,465,076 shares
+3 more
6 metrics
Restricted shares granted
500 shares
Award under 2021 Restricted Stock Plan, vested immediately
Indirect shares by spouse after award
9,313 shares
Total Heartland Express common shares owned by Angela Janssen’s husband
Direct common stock holding
4,465,076 shares
Direct ownership in Heartland Express common stock reported by a filing person
Revocable trust holding
5,003,805 shares
Common stock held indirectly as co‑trustee of a trust
Trustee holding
1,700,249 shares
Common stock reported as indirectly owned as trustee of a trust
Partnership holding
1,936,276 shares
Common stock held through Gerdin Family Investments LP as co‑general partner
Key Terms
restricted shares, 2021 Restricted Stock Plan, Revocable Trust, beneficial ownership, +2 more
6 terms
2021 Restricted Stock Plan financial
"received 500 restricted shares ... as an award under the 2021 Restricted Stock Plan"
Revocable Trust financial
"Ann S. Gerdin Revocable Trust, Mrs. Durr, and Mrs. Janssen are among the co-general partners"
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 financial
"Beneficial ownership is disclaimed except to the extent of each such reporting person's percentage ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
co-trustees financial
"Mrs. Durr and Mrs. Janssen are among the co-trustees of the 2009 Gerdin Heartland Trust"
co-general partners financial
"are among the co-general partners of Gerdin Family Investments LP"
FAQ
What insider transaction did Heartland Express (HTLD) report in this Form 4?
Heartland Express reported an indirect acquisition of 500 restricted common shares by the husband of co‑trustee Angela Janssen. The shares were granted as an award under the 2021 Restricted Stock Plan and vested immediately, updating the insider’s reported indirect ownership position.
Was the Heartland Express (HTLD) insider transaction an open-market buy or sell?
The transaction was not an open-market trade; it was a grant of 500 restricted shares at a price of $0.00 per share. The award came under the company’s 2021 Restricted Stock Plan and vested immediately, so it represents compensation rather than discretionary buying or selling.
Does the Heartland Express (HTLD) Form 4 show any insider sales or option exercises?
The Form 4 does not show any reported insider sales or option exercises. It primarily records one compensation-related award of 500 restricted shares and multiple holding entries that update indirect and direct ownership levels in Heartland Express common stock across various family trusts and partnerships.
AI-generated analysis. How Rhea-AI works. Not financial advice.
