[Form 4/A] WERNER ENTERPRISES INC Amended Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Werner Enterprises CEO & Chairman Derek J. Leathers reported internal transfers of 130,562 shares of common stock involving Grantor Retained Annuity Trusts where he is trustee and sole beneficiary. These transfers moved shares into his direct beneficial ownership, which now totals 387,882 shares, alongside remaining indirect trust holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
LEATHERS DEREK J
Role
CEO & Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 43,392 | $0.00 | -- |
| Other | Common Stock | 32,700 | $0.00 | -- |
| Other | Common Stock | 23,275 | $0.00 | -- |
| Other | Common Stock | 31,195 | $0.00 | -- |
| Other | Common Stock | 130,562 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, GRAT 2022-A);
Common Stock — 387,882.12 shares (Direct)
Footnotes (1)
- Represents a transfer of 43,392 shares from the Derek J. Leathers 2022-A Grantor Retained Annuity Trust, dated April 5, 2022, of which the Reporting Person is the trustee and sole beneficiary, to the Reporting Person's direct beneficial ownership. Represents a transfer of 32,700 shares from the Derek J. Leathers 2022-B Grantor Retained Annuity Trust, dated April 5, 2022, of which the Reporting Person is the trustee and sole beneficiary, to the Reporting Person's direct beneficial ownership. Represents a transfer of 23,275 shares from the Derek J. Leathers 2023 Grantor Retained Annuity Trust, dated May 3, 2023, of which the Reporting Person is the trustee and sole beneficiary, to the Reporting Person's direct beneficial ownership. Represents a transfer of 31,195 shares from the Derek J. Leathers 2024 Grantor Retained Annuity Trust, dated July 5, 2024, of which the Reporting Person is the trustee and sole beneficiary, to the Reporting Person's direct beneficial ownership. Represents a transfer of an aggregate of 130,562 shares to Derek J. Leathers direct beneficial ownership, from the 2022-A Grantor Retained Annuity Trust, 2022-B Grantor Retained Annuity Trust, 2023 Grantor Retained Annuity Trust, and 2024 Grantor Retained Annuity Trust. The Reporting Person serves as trustee and sole beneficiary of these trusts.
FAQ
What are the Grantor Retained Annuity Trusts referenced in the WERN Form 4/A?
They are Derek J. Leathers Grantor Retained Annuity Trusts from 2022, 2023 and 2024, for which he is trustee and sole beneficiary. The filing notes transfers of specified share amounts from these trusts into his direct beneficial ownership.
Did the WERN Form 4/A report any open-market stock purchases or sales?
No. All reported entries use transaction code J, described as “Other acquisition or disposition,” and the transaction summary shows buyCount 0 and sellCount 0. The activity reflects restructurings rather than P- or S-code market trades.
What indirect Werner Enterprises (WERN) holdings remain in Derek J. Leathers’ trusts?
Post-transfer, the 2024 GRAT holds 54,379 shares, the 2023 GRAT holds 6,019 shares, and the 2022-B GRAT holds 49,040 shares. The 2022-A GRAT shows 0 shares remaining after its transfer of 43,392 shares.