WABASH NATIONAL Corp·4

Feb 17, 9:29 AM ET

Pettit Michael N 4

Research Summary

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Updated

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.