LEATHERS DEREK J 4
4 · WERNER ENTERPRISES INC · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Werner Enterprises (WERN) CEO Derek Leathers Sells 7,345 Shares
What Happened
Derek J. Leathers, CEO & Chairman of Werner Enterprises, disposed of 7,345 shares on Feb 9, 2026 at $35.57 per share for a total of $261,262. The transaction was a tax-withholding disposition tied to the vesting of restricted stock (i.e., shares were surrendered/withheld to satisfy tax obligations), not an open-market investment sale.
Key Details
- Transaction date: 2026-02-09; filing date (Form 4): 2026-02-11 (filed within the standard 2-business-day window).
- Price and value: $35.57 per share; total $261,262.
- Shares involved: 7,345 shares were withheld/disposed to cover taxes related to the vesting of 15,866 restricted shares granted Feb 9, 2024 (per footnote F1).
- Shares owned after transaction: Not specified in the filing.
- Relevant footnotes:
- F1: Sale/withholding to satisfy tax withholding on vesting of 15,866 restricted shares.
- F2–F5: Several blocks of shares are held in Grantor Retained Annuity Trusts (2022-A, 2022-B, 2023, 2024) of which Leathers is Trustee and sole beneficiary.
Context
This was a routine tax-withholding disposition (transaction code F) tied to restricted stock vesting, which is common for executives and generally reflects tax obligations rather than a directional bet on the stock. Such withholding sales are less informative about insider sentiment than open-market purchases.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-09$35.57/sh−7,345$261,262→ 249,975.12 total
- 81,740(indirect: GRAT 2022-B)
Common Stock
[F2] - 29,294(indirect: GRAT 2023)
Common Stock
[F3] - 85,574(indirect: GRAT 2024)
Common Stock
[F4] - 43,392(indirect: GRAT 2022-A)
Common Stock
[F5]
Footnotes (5)
- [F1]Represents shares required to satisfy tax withholding obligations in connection with the vesting of 15,866 shares of restricted stock granted to the reporting person on February 9, 2024.
- [F2]Shares are held directly by Derek J. Leathers 2022-B Grantor Retained Annuity Trust, dated April 5, 2022, of which the Reporting Person is Trustee and sole beneficiary.
- [F3]Shares are held directly by Derek J. Leathers 2023 Grantor Retained Annuity Trust, dated May 3, 2023, of which the Reporting Person is Trustee and sole beneficiary.
- [F4]Shares are held directly by Derek J. Leathers 2024 Grantor Retained Annuity Trust, dated July 5, 2024, of which the Reporting Person is Trustee and sole beneficiary.
- [F5]Shares are held directly by Derek J. Leathers 2022-A Grantor Retained Annuity Trust, dated April 5, 2022, of which the Reporting Person is Trustee and sole beneficiary.