LEATHERS DEREK J 4
4 · WERNER ENTERPRISES INC · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Werner (WERN) CEO Derek Leathers Transfers 59,869 Shares to Direct Ownership
What Happened
Derek J. Leathers, CEO, Chairman and a director of Werner Enterprises (WERN), transferred an aggregate 59,869 shares on July 13, 2026 from three grantor retained annuity trusts into his direct beneficial ownership. The filing shows three dispositions from the trusts (27,600; 6,019; 26,250 shares) and a corresponding acquisition of 59,869 shares, all reported at $0.00 (internal transfers, no cash consideration).
Key Details
- Transaction date: July 13, 2026; Form 4 filed July 14, 2026 (appears timely).
- Reported price: $0.00 — these were internal transfers, not open-market trades.
- Shares moved: 27,600 (2022-B GRAT), 6,019 (2023 GRAT), 26,250 (2024 GRAT); total 59,869 transferred to Leathers' direct ownership.
- Footnotes: Leathers is trustee and sole beneficiary of the three grantor retained annuity trusts named in the filing; the transfers reclassify beneficial ownership from those trusts to him personally.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
This is an intra-personal reclassification (SEC transaction code J — other acquisition/disposition) reflecting movement of shares from trusts to the reporting person. Such transfers are administrative/estate-planning in nature and do not represent an open-market buy or sell; they do not by themselves indicate a change in market sentiment.
Insider Transaction Report
- Other
Common Stock
[F1]2026-07-13−27,600→ 21,440 total(indirect: GRAT 2022-B) - Other
Common Stock
[F2]2026-07-13−6,019→ 0 total(indirect: GRAT 2023) - Other
Common Stock
[F3]2026-07-13−26,250→ 28,129 total(indirect: GRAT 2024) - Other
Common Stock
[F4]2026-07-13+59,869→ 491,087.12 total
Footnotes (4)
- [F1]Represents a transfer of 27,600 shares from the Derek J. Leathers 2022-B Grantor Retained Annuity Trust, dated April 5, 2022, of which the Reporting Person is the trustee and sole beneficiary, to the Reporting Person's direct beneficial ownership.
- [F2]Represents a transfer of 6,019 shares from the Derek J. Leathers 2023 Grantor Retained Annuity Trust, dated May 3, 2023, of which the Reporting Person is the trustee and sole beneficiary, to the Reporting Person's direct beneficial ownership.
- [F3]Represents a transfer of 26,250 shares from the Derek J. Leathers 2024 Grantor Retained Annuity Trust, dated July 5, 2024, of which the Reporting Person is the trustee and sole beneficiary, to the Reporting Person's direct beneficial ownership.
- [F4]Represents a transfer of an aggregate of 59,869 shares to Derek J. Leathers direct beneficial ownership, from the 2022-B Grantor Retained Annuity Trust, 2023 Grantor Retained Annuity Trust, and 2024 Grantor Retained Annuity Trust. The Reporting Person serves as trustee and sole beneficiary of these trusts.