Werner EVP uses share withholding for taxes
Werner Enterprises executive reports tax-related share disposition.
Rhea-AI Filing Summary
Werner Enterprises executive reports tax-related share disposition. Exec VP and Chief Accounting Officer James Lynn Johnson had 664 shares of common stock withheld at $32.80 per share on a Form 4. The shares were used to satisfy tax withholding on the vesting of 1,436 restricted stock shares, leaving him with 98,228.437 shares owned directly.
Positive
- None.
Negative
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Insider Trade Summary
Exercise Price or Tax Liability: 664 shares
Exercise Price or Tax Liability
1 txn
Insider
JOHNSON JAMES LYNN
Role
Exec VP - Chief Acctg Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 664 | $32.80 | $22K |
Holdings After Transaction:
Common Stock — 98,228.437 shares (Direct)
Footnotes (1)
- F1. Represents shares required to satisfy tax withholding obligations in connection with the vesting of 1,436 shares of restricted stock granted to the Reporting Person on February 23, 2023.
FAQ
What did Werner Enterprises (WERN) disclose in this Form 4?
Werner Enterprises reported that executive James Lynn Johnson had 664 common shares withheld at $32.80 each. The transaction was a tax-withholding disposition tied to restricted stock vesting, not an open-market sale, and was recorded as a direct ownership change.
Who is the insider involved in the latest Werner Enterprises (WERN) Form 4?
The filing involves James Lynn Johnson, Executive Vice President and Chief Accounting Officer. He reported a tax-withholding disposition of 664 common shares related to restricted stock vesting, while retaining direct ownership of 98,228.437 shares after the transaction was completed.
Was the Werner Enterprises (WERN) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was coded as a tax-withholding disposition, where 664 shares were withheld at $32.80 each to satisfy tax obligations arising from the vesting of 1,436 restricted stock shares granted earlier.
AI-generated analysis. How Rhea-AI works. Not financial advice.