Heartland Express (NASDAQ: HTLD) COO gets 500-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HEARTLAND EXPRESS INC Chief Operating Officer Kent Daryl Rigdon reported routine equity compensation in the form of restricted stock. He received 500 shares of common stock as an award under the 2021 Restricted Stock Plan, and the award vested immediately.
To cover tax withholding obligations on this vesting, 167 shares were deemed withheld, a non-market disposition. After these transactions, Rigdon directly held 1,527 shares of Heartland Express common stock, reflecting a net increase of 333 shares from the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rigdon Kent Daryl
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 500 | $0.00 | -- |
| Tax Withholding | Common Stock | 167 | $13.30 | $2K |
Holdings After Transaction:
Common Stock — 1,527 shares (Direct, null)
Footnotes (1)
- The reporting person received 500 restricted shares of Heartland Express, Inc. common stock as an award under the 2021 Restricted Stock Plan. The award vested immediately. Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the reporting person.
Key Figures
Restricted stock award: 500 shares
Shares withheld for taxes: 167 shares
Shares owned after transactions: 1,527 shares
+1 more
4 metrics
Restricted stock award
500 shares
Restricted common stock granted under 2021 Restricted Stock Plan; vested immediately
Shares withheld for taxes
167 shares
Deemed withheld to satisfy tax withholding obligations on vesting
Shares owned after transactions
1,527 shares
Direct ownership of Heartland Express common stock following grant and withholding
Withholding reference price
$13.30 per share
Price used for 167-share tax-withholding disposition
Key Terms
restricted shares, 2021 Restricted Stock Plan, tax withholding obligations, Grant, award, or other acquisition, +1 more
5 terms
2021 Restricted Stock Plan financial
"The reporting person received 500 restricted shares of Heartland Express, Inc. common stock as an award under the 2021 Restricted Stock Plan."
tax withholding obligations financial
"Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the reporting person."
Grant, award, or other acquisition regulatory
"transaction_code_description: Grant, award, or other acquisition"
Payment of exercise price or tax liability by delivering securities regulatory
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transactions did HTLD COO Kent Daryl Rigdon report?
Kent Daryl Rigdon reported an equity compensation event, receiving 500 restricted shares of Heartland Express common stock that vested immediately. Of this award, 167 shares were withheld to satisfy tax obligations, leaving him with 1,527 shares directly owned after the transactions.
Is the HTLD COO’s Form 4 a sign of buying or selling stock?
The Form 4 reflects compensation and tax withholding, not open-market trading. Rigdon received 500 restricted shares that vested immediately, while 167 shares were withheld for taxes, resulting in a net increase in his direct holdings rather than a discretionary stock sale.
What plan governed the restricted stock award to the HTLD COO?
The 500 restricted shares granted to the Heartland Express COO were awarded under the company’s 2021 Restricted Stock Plan. The filing notes that the award vested immediately, triggering related tax withholding and the associated deemed share disposition on the vesting date.