Pettit Michael N 4
Research Summary
AI-generated summary
Wabash National SVP Michael Pettit Receives RSU Award
What Happened
- Michael N. Pettit, SVP & Chief Growth Officer of Wabash National (WNC), received a grant of 60,086 restricted stock units (RSUs) on 2026-02-12. At the same time, 8,184 shares were surrendered/withheld to cover tax withholding obligations at $11.65 per share, generating $95,344 in proceeds. The RSUs were granted (acquisition code A) and the withholding is reported as code F (payment of exercise price or tax liability).
Key Details
- Transaction date: 2026-02-12; filing date: 2026-02-17 (filing reports the Feb 12 transaction).
- Grant: 60,086 RSUs (acquired, $0 per share on report).
- Tax withholding/disposition: 8,184 shares × $11.65 = $95,344 (disposed to cover taxes).
- Vesting: RSUs will settle into common stock in three equal annual installments on 2027-02-12, 2028-02-12 and 2029-02-12 (per footnote).
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: reported on 2026-02-17 for the Feb 12 transaction and not marked as late in the filing.
Context
- This was a compensation-related award (RSUs), not an open-market purchase or sale; the withholding of 8,184 shares is a routine tax-withholding action and not necessarily a directional market bet. RSUs convert to common shares as they vest over the next three years.