GERDIN MICHAEL J 4
4 · HEARTLAND EXPRESS INC · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Heartland Express (HTLD) CEO Michael J. Gerdin Gifts 4.47M Shares
What Happened
Michael J. Gerdin, CEO of Heartland Express, reported gift transactions on May 19, 2026 involving 4,474,456 common shares. The Form 4 shows the shares transferred at $0.00 (gifted), with no proceeds reported. Footnotes indicate these were annuity distributions from grantor retained annuity trusts (GRATs) created for the benefit of Ann Gerdin.
Key Details
- Transaction date: May 19, 2026; filing date: May 21, 2026 (filed two days after the transaction).
- Transaction type/code: Gift (G); reported price per share: $0.00; total shares: 4,474,456.
- Report shows both an acquisition and a disposition entry for the same number of shares at $0.00, consistent with internal trust/annuity distributions.
- Notable footnotes: Mr. Gerdin is trustee or co-trustee of multiple trusts (see F1–F9); some trusts disclaim beneficial ownership for him. The gifts are described as annuity distributions from GRATs for the benefit of Ann S. Gerdin.
- No cash proceeds; gifts do not necessarily indicate the insider’s view on the company’s stock price.
Context: Gifts are transfers for estate or tax planning and generally should not be read as a buy or sell signal. Because Mr. Gerdin serves in several trustee/co‑trustee roles and some entities disclaim beneficial ownership, the reported entries reflect trust-related movements rather than a straightforward personal sale.
Insider Transaction Report
- Gift
Common Stock
[F1][F2]2026-05-19−4,474,456→ 10,000,000 total(indirect: By Trust) - Gift
Common Stock
[F1][F3]2026-05-19+4,474,456→ 8,939,532 total(indirect: By Trust)
- 1,491,868(indirect: By Trust)
Common Stock
[F4] - 4,283,975(indirect: By Trust)
Common Stock
[F5] - 38,424(indirect: By Trust)
Common Stock
[F6] - 5,003,805(indirect: By Trust)
Common Stock
[F7] - 1,936,276(indirect: By Partnership)
Common Stock
[F8] - 438,282(indirect: By Trust)
Common Stock
[F9]
Footnotes (9)
- [F1]Annuity distributions made from grantor retained annuity trusts (GRATs) created for the benefit of Ann Gerdin.
- [F2]Mr. Gerdin is the trustee of GRATs established by Ann S. Gerdin for her benefit.
- [F3]Mr. Gerdin is a co-trustee of the Ann S. Gerdin Revocable Trust. As a co-trustee, Mr. Gerdin disclaims beneficial ownership with respect to this trust.
- [F4]Mr. Gerdin is the trustee of the Michael J. Gerdin Revocable Trust.
- [F5]Mr. Gerdin is a co-trustee of the 2009 Gerdin Heartland Trust. As a co-trustee, Mr. Gerdin disclaims beneficial ownership with respect to this trust.
- [F6]Mr. Gerdin is the trustee of trusts created for the benefit of his children.
- [F7]Mr. Gerdin is a co-trustee of the 2007 Gerdin Heartland Trust. As a co-trustee, Mr. Gerdin disclaims beneficial ownership with respect to this trust.
- [F8]Mr. Gerdin is a co-general partner of Gerdin Family Investments LP. Beneficial ownership is disclaimed except to the extent of Mr. Gerdin's percentage ownership of general and limited partner shares in the partnership.
- [F9]Mr. Gerdin's spouse is the trustee of the Michael J. Gerdin Family Trust.