Werner Enterprises (WERN) director receives 3,025-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Packer Martha Gayle reported acquisition or exercise transactions in this Form 4 filing.
Werner Enterprises director Martha Gayle Packer received a grant of 3,025 shares of restricted common stock as compensation. The award was made under a stockholder approved equity plan and increases her direct holdings to 6,731 shares. The restricted stock vests over three years, subject to continued Board service, with 34% vesting on May 12, 2027 and 33% on each of May 12, 2028 and May 12, 2029, when it becomes fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Packer Martha Gayle
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,025 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,731 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 3,025 shares
Holdings after grant: 6,731 shares
Initial vesting tranche: 34%
+3 more
6 metrics
Restricted stock grant
3,025 shares
Common Stock award on May 12, 2026
Holdings after grant
6,731 shares
Total direct common shares following transaction
Initial vesting tranche
34%
Vests on May 12, 2027, subject to continued Board service
Subsequent vesting tranches
33% each
Vest on May 12, 2028 and May 12, 2029
Full vesting date
May 12, 2029
Award becomes fully vested
Grant price
$0.00 per share
Reported transaction price for restricted stock award
Key Terms
Restricted Stock, stockholder approved equity plan, continued Board service, vest
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.
stockholder approved equity plan financial
"Restricted Stock awarded May 12, 2026 under stockholder approved equity plan."
continued Board service financial
"This award shall vest subject to continued Board service, 34% on May 12, 2027..."
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.
FAQ
What did Werner Enterprises (WERN) director Martha Gayle Packer report in this Form 4?
Martha Gayle Packer reported receiving 3,025 shares of restricted common stock as a grant under a stockholder approved equity plan. This non-cash award increased her direct holdings to 6,731 shares following the transaction.
Is the Martha Gayle Packer Form 4 for WERN a stock purchase or a grant?
The Form 4 reports a grant of restricted stock, not an open-market purchase. Packer acquired 3,025 shares at a stated price of $0.00 per share as a compensation award under Werner Enterprises’ stockholder approved equity plan.
Is Martha Gayle Packer’s WERN Form 4 transaction a buy or sell signal for investors?
The transaction is a routine compensation award, not a market trade. It records a grant of 3,025 restricted shares at no cash cost, so it reflects standard director equity compensation rather than discretionary buying or selling activity in the open market.