Keefauver David 4

What Happened

• David Keefauver, EVP of People at J.B. Hunt Transport Services (JBHT), exercised stock options on January 31, 2026. He exercised a total of 1,325 option-derived shares (474 + 431 + 420). To satisfy tax withholding, 609 shares (218 + 198 + 193) were withheld at $202.72 per share, producing a withholding value of $123,457. After withholding, Keefauver retained a net 716 shares (1,325 exercised − 609 withheld).
• The filing shows exercise/conversion entries coded M and withholding/payment entries coded F. Some derivative entries are reported as disposed at $0, reflecting option conversion/settlement mechanics rather than an open‑market sale.

Key Details

• Transaction date: 2026-01-31; Form 4 filed: 2026-02-02 (appears timely).
• Exercise (M): 474, 431, and 420 shares acquired (total 1,325).
• Tax withholding (F): 218, 198, and 193 shares withheld at $202.72 each; total value withheld = $123,457.
• Net shares retained after withholding: 716.
• Shares owned after the transaction: not provided in the supplied filing data.
• Notable codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding). No 10b5‑1 plan or other special footnotes reported in the supplied details.

Context

• This appears to be a routine option exercise with shares surrendered to cover tax obligations (a cashless/tax‑withholding settlement), not an open‑market sale. Such withholdings are common and reflect tax settlement rather than a directional bet on the stock.