Werner EVP disposes shares for tax withholding
Werner Enterprises executive Craig T. Callahan, Executive Vice President and Chief Commercial Officer, reported a tax-withholding disposition of 581 shares of common stock at $32.80 per share.
Rhea-AI Filing Summary
Werner Enterprises executive Craig T. Callahan, Executive Vice President and Chief Commercial Officer, reported a tax-withholding disposition of 581 shares of common stock at $32.80 per share. The shares were withheld to cover taxes on the vesting of 1,256 restricted shares granted on February 23, 2023, leaving him with 69,199.822 directly owned shares.
Positive
- None.
Negative
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Insider Trade Summary
Exercise Price or Tax Liability: 581 shares
Exercise Price or Tax Liability
1 txn
Insider
CALLAHAN CRAIG T
Role
Exec VP-Chief Commercial Offcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 581 | $32.80 | $19K |
Holdings After Transaction:
Common Stock — 69,199.822 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 did Werner Enterprises (WERN) executive Craig T. Callahan report in this Form 4?
Craig T. Callahan reported a tax-withholding disposition of 581 Werner Enterprises common shares. The shares were withheld at $32.80 each to satisfy tax obligations linked to vesting of 1,256 restricted shares granted to him on February 23, 2023.
Was Craig T. Callahan’s Werner (WERN) Form 4 transaction an open market sale?
No, the transaction was a tax-withholding disposition, not an open market sale. Shares were automatically withheld to cover tax liabilities arising from the vesting of previously granted restricted stock, a common administrative process for equity compensation plans.
What restricted stock grant is referenced in Craig T. Callahan’s Werner (WERN) Form 4?
The Form 4 references 1,256 shares of restricted stock granted to Craig T. Callahan on February 23, 2023. The reported 581-share disposition represents shares withheld to satisfy tax obligations when that restricted stock award vested.
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