Werner CEO moves 130,562 shares into direct holding
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 43,392 | $0.00 | $0.00 |
| Other | Common Stock F2 | 32,700 | $0.00 | $0.00 |
| Other | Common Stock F3 | 23,275 | $0.00 | $0.00 |
| Other | Common Stock F4 | 31,195 | $0.00 | $0.00 |
| Other | Common Stock F5 | 130,562 | $0.00 | $0.00 |
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the Grantor Retained Annuity Trusts referenced in the WERN Form 4/A?
Did the WERN Form 4/A report any open-market stock purchases or sales?
What indirect Werner Enterprises (WERN) holdings remain in Derek J. Leathers’ trusts?
AI-generated analysis. How Rhea-AI works. Not financial advice.