McRoberts Michael 4

What Happened

• Michael McRoberts, a director and senior advisor at Rush Enterprises (RUSHA), received a grant of 4,188 restricted shares on March 13, 2026 (awarded at $0.00).
• To satisfy tax withholding obligations tied to prior restricted-stock vesting, a total of 20,046 shares were surrendered on March 14–15, 2026. The withholding used the closing price of $59.69 on March 13, 2026, valuing the withheld shares at about $1,196,547. These were tax-withholding disposals, not open-market sales.

Key Details

• Transaction dates and amounts:
  • 2026-03-13: Grant of 4,188 restricted shares (reported acquisition at $0.00).
  • 2026-03-14: 4,895 shares withheld (@ $59.69) = $292,183.
  • 2026-03-15: 7,508 shares withheld (@ $59.69) = $448,153.
  • 2026-03-15: 7,643 shares withheld (@ $59.69) = $456,211.
• Total shares withheld: 20,046; total value of withheld shares (per filing) ≈ $1,196,547.
• The restricted stock grant vests in thirds on each of the first, second and third anniversaries of the grant date (March 13, 2026).
• Withheld shares correspond to tax obligations from prior grants that vested on March 15, 2023; March 15, 2024; and March 14, 2025 (per filing footnotes).
• Shares are held in the Michael J. McRoberts Trust; the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing: Form 4 filed March 17, 2026 (period of report March 13, 2026); filing appears timely based on the reported dates.

Context

• This filing reflects a new award of restricted stock and routine tax-withholding transactions tied to earlier vesting events. The withheld shares were used to cover tax liabilities and do not represent open-market selling pressure.
• Restricted-stock grants are common compensation for executives/directors and vest over time; the award itself is a non-cash benefit and does not necessarily signal a buy or sell decision.