Werner EVP has shares withheld for tax on grant
WERNER ENTERPRISES INC Executive Vice President & CIO Daragh P. Mahon reported a tax-related share disposition.
Rhea-AI Filing Summary
WERNER ENTERPRISES INC Executive Vice President & CIO Daragh P. Mahon reported a tax-related share disposition. On this Form 4, 581 shares of common stock were withheld at $32.80 per share to satisfy tax withholding obligations tied to the vesting of 1,256 shares of restricted stock originally granted on February 23, 2023. After this tax-withholding transaction, Mahon directly held 41,055.537 shares of Werner Enterprises common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 581 shares
Exercise Price or Tax Liability
1 txn
Insider
Mahon Daragh P
Role
Executive Vice President & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 581 | $32.80 | $19K |
Holdings After Transaction:
Common Stock — 41,055.537 shares (Direct)
Footnotes (1)
- F1. Represents shares required to satisfy tax withholding obligations in connection with the vesting of 1,256 shares of restricted stock granted to the Reporting Person on February 23, 2023.
FAQ
What insider transaction did WERN Executive Vice President Daragh Mahon report on this Form 4?
Daragh Mahon reported a tax-withholding disposition of 581 shares of Werner Enterprises common stock. The shares were withheld to cover taxes triggered by the vesting of 1,256 restricted shares granted on February 23, 2023, rather than an open-market sale.
What restricted stock vesting triggered the tax-withholding transaction for WERN’s insider?
The tax-withholding disposition was triggered by the vesting of 1,256 shares of restricted stock. These restricted shares were originally granted to Executive Vice President & CIO Daragh Mahon on February 23, 2023, and their vesting created a tax obligation settled via share withholding.
What does transaction code F mean in the WERN Form 4 for Werner Enterprises?
Transaction code F indicates payment of tax liability or exercise price by delivering securities. In this case, 581 Werner Enterprises shares were withheld from Executive Vice President & CIO Daragh Mahon to satisfy tax withholding obligations tied to the vesting of restricted stock granted in 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.