Werner (NASDAQ: WERN) director receives 3,025 restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HOLMES JACK A reported acquisition or exercise transactions in this Form 4 filing.
WERNER ENTERPRISES INC director Jack A. Holmes received a grant of 3,025 shares of restricted common stock. The shares were awarded on May 12, 2026 at no cash price under a stockholder‑approved equity plan and increase his direct holdings to 16,228 shares.
The award will vest over time, subject to his continued Board service: 34% on May 12, 2027, then 33% on May 12, 2028, and the remaining 33% on May 12, 2029, when the grant becomes fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HOLMES JACK A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,025 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,228 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 3,025 shares
Holdings after grant: 16,228 shares
Grant price: $0.0000 per share
+3 more
6 metrics
Restricted stock grant
3,025 shares
Restricted common stock awarded May 12, 2026
Holdings after grant
16,228 shares
Total direct common stock holdings after transaction
Grant price
$0.0000 per share
Equity award, not open‑market purchase
First vesting tranche
34% of 3,025 shares
Vests on May 12, 2027, subject to Board service
Second vesting tranche
33% of 3,025 shares
Vests on May 12, 2028, subject to Board service
Final vesting tranche
33% of 3,025 shares
Fully vested by May 12, 2029 with continued service
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 insider transaction did WERN director Jack A. Holmes report?
Director Jack A. Holmes reported receiving 3,025 shares of restricted common stock as an equity award. The grant was made on May 12, 2026 at no cash price and is subject to a multi‑year vesting schedule tied to continued Board service.
Was the WERN restricted stock grant to Jack A. Holmes an open‑market purchase?
No, the transaction was a grant of restricted stock, not an open‑market purchase. The Form 4 lists the code “A” for award acquisition, with a per‑share price of $0.0000, indicating compensation under a stockholder‑approved equity plan rather than a market trade.
What conditions apply to Jack A. Holmes’s restricted stock award at Werner (WERN)?
The restricted stock award is conditioned on continued Board service. Portions of the 3,025 shares vest in 2027, 2028, and 2029. If service requirements are not met, unvested shares may not be earned, consistent with typical equity compensation structures for directors.