RUSH ENTERPRISES INC \TX\·4

Mar 17, 7:48 PM ET

Goldstone Michael L 4

Research Summary

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Rush Enterprises (RUSHA) SVP Michael Goldstone Receives Restricted Stock

What Happened
Michael L. Goldstone, Senior Vice President, General Counsel and Corporate Secretary of Rush Enterprises (RUSHA), received a grant of restricted stock on March 13, 2026 totaling 22,000 shares (13,000 + 9,000). The awards were granted at $0 (restricted stock). Separately, on March 14–15, 2026 a total of 3,344 shares were surrendered/withheld to cover tax liabilities related to earlier restricted stock vestings (971, 1,079 and 1,294 shares), at a reported price of $59.69 per share, totaling $199,604.

Key Details

  • Grant date: March 13, 2026 — 22,000 restricted shares granted (no cash paid). Vesting: 1/3 on each of the first, second and third anniversaries of the grant date. (See footnote F1.)
  • Tax withholding/dispositions: March 14–15, 2026 — 971, 1,079 and 1,294 shares withheld/surrendered at $59.69 per share (total value reported $199,604). (Footnotes F3, F5, F6 describe these withholdings as satisfying tax obligations from prior vestings in 2023, 2024 and 2025.)
  • Price reference: $59.69 is the closing share price on March 13, 2026 (footnote F4).
  • Shares owned after the transactions: not specified in the filing.
  • Filing timeliness: Form 4 was filed March 17, 2026 for transactions occurring March 13–15, 2026 (filed within the normal 2 business-day reporting window).

Context

  • These transactions reflect a new restricted stock award (multi-year vest) plus routine tax-withholding (share surrender) tied to prior vestings — a common administrative step, not an open-market sale.
  • The grant is a derivative/RSU-style award that vests in thirds over three years; the withheld shares were used to satisfy withholding obligations rather than indicate an open-market sale.