Werner Enterprises (WERN) COO awarded 7,925 restricted shares, 1,179 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Werner Enterprises executive Eric J. Downing reported two stock transactions involving company common shares. On February 12, 2026, he acquired 7,925 shares of restricted stock at $0 under a stockholder-approved equity plan, increasing his direct holdings to 59,971.244 shares.
The restricted stock vests over three years, with 34% vesting on February 12, 2027 and two annual increments of 33% each beginning February 12, 2028, becoming fully vested on February 12, 2029. On February 13, 2026, 1,179 shares were disposed of at $33.21 to satisfy tax withholding obligations from vesting of a prior grant, leaving him with 58,792.244 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DOWNING ERIC J
Role
Exec VP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,179 | $33.21 | $39K |
| Grant/Award | Common Stock | 7,925 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 58,792.244 shares (Direct)
Footnotes (1)
- Restricted stock awarded February 12, 2026 under stockholder approved equity plan. This award shall vest, subject to continued employment, 34% on February 12, 2027 (1 year after the grant date) and two annual increments of 33% each beginning February 12, 2028. The award will become fully vested on February 12, 2029. Represents shares required to satisfy tax withholding obligations in connection with the vesting of 2,548 shares of restricted stock granted to the Reporting Person on February 13, 2025.
FAQ
What insider transactions did WERN executive Eric J. Downing report?
Eric J. Downing reported acquiring 7,925 shares of Werner Enterprises restricted stock on February 12, 2026, and a 1,179-share tax-withholding disposition on February 13, 2026. Both transactions involved common stock held directly in his name.
What are the vesting terms of Eric J. Downing’s new WERN restricted stock award?
The 7,925-share restricted stock award granted February 12, 2026 vests 34% on February 12, 2027, then 33% on February 12, 2028 and 33% on February 12, 2029, subject to his continued employment with Werner Enterprises.
What role does Eric J. Downing hold at Werner Enterprises (WERN)?
Eric J. Downing serves as Executive Vice President and Chief Operating Officer of Werner Enterprises. His Form 4 insider filing reflects equity compensation and related tax withholding transactions tied to his officer role at the transportation company.
Is Eric J. Downing’s February 2026 WERN stock activity open-market buying or selling?
The February 12, 2026 transaction is a grant of 7,925 restricted shares at $0 under an equity plan, not an open-market purchase. The February 13, 2026 transaction is a tax-withholding disposition, not an open-market sale by Eric J. Downing.