Werner Enterprises (WERN) EVP has 657 shares withheld for taxes on restricted stock vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Werner Enterprises Exec VP & Chief Admin Officer Jim S. Schelble reported a tax-withholding disposition of company stock. On February 9, 2026, 657 shares of common stock were disposed of at $35.57 per share to satisfy tax obligations related to restricted stock vesting.
These shares were withheld in connection with the vesting of 1,424 shares of restricted stock originally granted on February 9, 2024. After this transaction, Schelble directly beneficially owned 72,014.395 shares of Werner Enterprises common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHELBLE JIM S
Role
Exec VP & Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 657 | $35.57 | $23K |
Holdings After Transaction:
Common Stock — 72,014.395 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WERN executive Jim S. Schelble report?
Jim S. Schelble reported a tax-withholding disposition of 657 Werner Enterprises shares. The shares were disposed of at $35.57 each to cover tax obligations arising from the vesting of previously granted restricted stock, and were not an open-market sale.
Was the WERN Form 4 transaction a regular stock sale by the executive?
No, the Form 4 shows a tax-withholding disposition, not a regular sale. 657 shares of Werner Enterprises common stock were withheld at $35.57 per share to satisfy taxes linked to restricted stock vesting, while the executive retained a large remaining position.
What triggered the tax-withholding disposition reported in WERN’s Form 4?
The tax-withholding disposition was triggered by the vesting of 1,424 restricted shares. Those restricted stock units were granted to Jim S. Schelble on February 9, 2024, and a portion, 657 shares, was withheld to cover the associated tax obligations upon vesting.
What transaction code is used in the WERN Form 4 and what does it mean?
The transaction uses code “F,” which denotes payment of tax liability by delivering securities. In this case, 657 Werner Enterprises shares were disposed of at $35.57 per share to satisfy withholding taxes from the vesting of restricted stock granted in 2024.
Is Jim S. Schelble considered a major insider at Werner Enterprises (WERN)?
Yes, Jim S. Schelble is a senior insider as Exec VP & Chief Admin Officer. The Form 4 identifies him as an officer of Werner Enterprises, meaning his trades and tax-withholding dispositions must be reported under Section 16 of the Securities Exchange Act.