Field Darren P. 4
Research Summary
AI-generated summary
JBHT EVP Darren P. Field Exercises Options, Sells Shares for Taxes
What Happened
- Darren P. Field, EVP and President — Intermodal at J.B. Hunt (JBHT), exercised stock options on 2026-01-31 to acquire 8,181 shares. The exercises are reported under Form 4 codes "M" (exercise or conversion of derivative).
- To satisfy tax withholding, 1,421 of those shares were withheld/sold (reported under code "F") at $202.72 per share, generating proceeds/covering tax liability totaling approximately $288,065. The exercise lines show $0.00 per-share exercise price on the filing (common when reporting conversion of vested derivatives), and the tax-withholding dispositions show the $202.72 share price.
Key Details
- Transaction date: 2026-01-31; Form 4 filed 2026-02-02.
- Option exercise total: 8,181 shares acquired (2,638 + 2,434 + 874 + 2,235).
- Shares withheld/sold for taxes: 1,421 shares (458 + 423 + 152 + 388) at $202.72 each; total ≈ $288,065.
- Net shares retained from the exercise: 6,760 shares (8,181 acquired − 1,421 withheld).
- Transaction codes: M = option exercise/conversion; F = payment of exercise price or tax liability (share withholding/sale).
- Shares owned after the transactions: not disclosed in the provided filing.
- No late filing is indicated in the provided data (filed 2026-02-02).
Context
- This was an exercise of derivative awards with shares withheld/sold to cover tax obligations — a routine, cashless-like settlement common for option/RSU exercises. Such withholding/sales to satisfy taxes are administrative and do not necessarily signal buying or selling intent beyond fulfilling tax obligations.