Director Larry J. Magee receives 21,866-share RSU grant at Wabash (NYSE: WNC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magee Larry J reported acquisition or exercise transactions in this Form 4 filing.
Wabash National Corp director Larry J. Magee received a grant of 21,866 shares of Common Stock as a restricted stock unit award. The award was recorded at a price of $0.00 per share as compensation and is scheduled to vest on May 13, 2027. After this grant, Magee directly holds a total of 139,870 shares of Wabash National Common Stock reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Magee Larry J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,866 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 139,870 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 21,866 shares
Grant price: $0.00 per share
Holdings after grant: 139,870 shares
+1 more
4 metrics
RSU grant size
21,866 shares
Restricted Stock Unit award to director Magee
Grant price
$0.00 per share
Compensation award, not open-market purchase
Holdings after grant
139,870 shares
Magee’s directly held Wabash National Common Stock
Vesting date
May 13, 2027
Restricted Stock Unit award vesting date
Key Terms
Restricted Stock Unit, Grant, award, or other acquisition, Common Stock, Form 4
4 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: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Wabash National (WNC) director Larry J. Magee report in this Form 4?
Larry J. Magee reported receiving a grant of 21,866 shares of Wabash National Common Stock as a restricted stock unit award. The shares were granted as compensation at $0.00 per share and increase his directly held position to 139,870 shares.
When do Larry J. Magee’s new Wabash National (WNC) restricted stock units vest?
The restricted stock unit award to Magee is scheduled to vest on May 13, 2027. Vesting means the award converts into fully owned shares at that future date, assuming any applicable conditions in the award agreement are satisfied.
What does transaction code "A" mean in Larry J. Magee’s Wabash National (WNC) Form 4?
Transaction code "A" on Magee’s Form 4 indicates a grant, award, or other acquisition of securities. In this case, it represents a restricted stock unit award of 21,866 shares provided as compensation rather than an open-market purchase.