Werner (NASDAQ: WERN) director receives 3,025-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DUREN DIANE K reported acquisition or exercise transactions in this Form 4 filing.
WERNER ENTERPRISES INC director Diane K. Duren reported receiving a grant of 3,025 shares of common stock as a stock award. The shares were granted at no cash cost under a stockholder-approved equity plan and increase her direct holdings to 30,007 shares.
The award is structured as restricted stock that vests over time if she continues serving on the Board. According to the vesting schedule, 34% of the award will vest on May 12, 2027, followed by two annual vesting increments of 33% each beginning May 12, 2028, with full vesting on May 12, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DUREN DIANE K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,025 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,007 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock award: 3,025 shares
Transaction price: $0.0000 per share
Post-award holdings: 30,007 shares
+2 more
5 metrics
Restricted stock award
3,025 shares
Grant of common stock on May 12, 2026
Transaction price
$0.0000 per share
Award granted at no cash cost
Post-award holdings
30,007 shares
Total direct common stock after grant
Initial vesting tranche
34% of award
Vests on May 12, 2027
Final vesting date
May 12, 2029
Award becomes fully vested
Key Terms
Restricted Stock, equity plan, vest, Board service
4 terms
Restricted Stock financial
"Restricted Stock awarded May 12, 2026 under stockholder approved equity plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
equity plan financial
"Restricted Stock awarded May 12, 2026 under stockholder approved equity plan."
An equity plan is a company program that gives employees, executives or directors a stake in the business through stock, stock options or similar ownership awards, like handing out slices of a pie to people who help bake it. It matters to investors because these grants can motivate key personnel and align their interests with shareholders, but they also increase the number of shares over time and can dilute existing ownership and affect reported earnings.
vest financial
"This award shall vest subject to continued Board service, 34% on May 12, 2027..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Board service financial
"This award shall vest subject to continued Board service, 34% on May 12, 2027..."
FAQ
What did WERN director Diane K. Duren report in this Form 4?
Diane K. Duren reported receiving a grant of 3,025 shares of WERN common stock. The award is a restricted stock grant under a stockholder-approved equity plan and requires continued Board service to fully vest over several years.
Is the WERN Form 4 transaction a purchase or a stock award?
The Form 4 shows a stock award, not an open-market purchase. Duren received 3,025 shares of restricted common stock at no cash cost as part of director compensation, subject to a multi-year vesting schedule tied to Board service.
How does this stock award affect Diane K. Duren’s WERN holdings?
After the 3,025-share restricted stock award, Duren’s direct ownership increases to 30,007 WERN common shares. These newly awarded shares are subject to vesting conditions and do not all become fully owned immediately upon grant.
What is the vesting schedule for Diane K. Duren’s WERN restricted stock?
The 3,025 restricted shares vest over three years if Board service continues. According to the schedule, 34% vests on May 12, 2027, then 33% on May 12, 2028, and the remaining 33% on May 12, 2029, when the award becomes fully vested.
Was any price paid for the WERN restricted stock in this Form 4?
No cash price was paid for this award. The Form 4 reports a transaction price per share of $0.0000, reflecting that the 3,025 restricted shares were granted as compensation under a stockholder-approved equity plan rather than purchased in the market.