RUSH WILLIAM M RUSTY 4

What Happened

• William M. "Rusty" Rush, a reported 10% owner of Rush Enterprises (RUSHA), was granted 85,000 restricted shares on March 13, 2026 (50,000 common + 35,000 derivative restricted shares). To cover tax obligations tied to prior vesting events, 32,137 shares were withheld/disposed on March 14–15, 2026 at a reported price of $59.69, representing about $1.92 million in value. These disposals were tax withholdings, not open-market sales.

Key Details

• Transaction dates and prices:
  • Grants: 50,000 and 35,000 restricted shares granted 2026-03-13 (price $0.00).
  • Tax-withholding disposals: 13,773 shares on 2026-03-15 and 9,182 shares on 2026-03-14 and 9,182 shares on 2026-03-15; all reported at $59.69 (closing price on 2026-03-13).
  • Total withheld/disposed: 32,137 shares for total reported value ~$1,918,258.
• Vesting and restrictions:
  • The new restricted stock grant vests in thirds on each of the first, second and third anniversaries of March 13, 2026.
  • The withheld shares relate to tax obligations from earlier vesting/awards dated March 15, 2023; March 15, 2024; and March 14, 2025 (per footnotes).
  • Some reported holdings include unvested restricted stock and amounts in the company’s deferred compensation plan.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timing: Form 4 filed March 17, 2026 covering transactions from March 13–15, 2026 (filing timeliness not asserted here).

Context

• These actions are routine award grants and tax-withholding dispositions tied to restricted stock vesting, not directional open-market buying or selling by the insider. For retail investors, grants signal compensation alignment but withholding-to-cover taxes is common and does not necessarily indicate a change in insider sentiment.