Wabash National (WNC) director granted 21,866-share restricted stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SORENSEN SCOTT K reported acquisition or exercise transactions in this Form 4 filing.
Wabash National Corp director Scott K. Sorensen received a grant of 21,866 shares of Common Stock as a restricted stock unit award. The award, which has a grant price of $0.00 per share as compensation rather than a market purchase, is scheduled to vest on May 13, 2027. Following this award, Sorensen directly holds 147,287 shares of Wabash National common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SORENSEN SCOTT K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,866 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 147,287 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU shares granted: 21,866 shares
Grant price per share: $0.00 per share
Shares held after grant: 147,287 shares
+1 more
4 metrics
RSU shares granted
21,866 shares
Restricted Stock Unit award to director Sorensen
Grant price per share
$0.00 per share
Equity compensation, not open-market purchase
Shares held after grant
147,287 shares
Direct holdings following the RSU award
Vesting date
May 13, 2027
Restricted Stock Unit award vesting date
Key Terms
Restricted Stock Unit, Grant, award, or other acquisition, Common Stock
3 terms
Restricted Stock Unit financial
"Restricted Stock Unit award vesting May 13, 2027"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Grant, award, or other acquisition financial
"transaction code description shows Grant, award, or other acquisition"
Common Stock financial
"security title is listed as Common Stock in the transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Wabash National (WNC) report for Scott K. Sorensen?
Wabash National reported that director Scott K. Sorensen received a grant of 21,866 shares of Common Stock as a restricted stock unit award, recorded at a price of $0.00 per share as part of his compensation.
What is the vesting date of Scott K. Sorensen’s Wabash National (WNC) RSU award?
The restricted stock unit award to Scott K. Sorensen is scheduled to vest on May 13, 2027. Vesting means the award becomes fully earned on that date, subject to the applicable plan and award terms described for the grant.
Is Scott K. Sorensen’s Wabash National (WNC) transaction a buy or a compensation grant?
The transaction is a compensation grant, not an open-market buy. It is coded as an “A” transaction, meaning a grant, award, or other acquisition, with zero price, consistent with equity compensation awarded to a director.