ERIC J. DOWNING - 09 Feb 2024 Form 4 Insider Report for WERNER ENTERPRISES INC (WERN)

Role
Exec VP and COO
Signature
/s/ Eric J. Downing
Issuer symbol
WERN
Transactions as of
09 Feb 2024
Net transactions value
-$85,966
Form type
4
Filing time
13 Feb 2024, 16:10:47 UTC
Previous filing
09 Feb 2024
Next filing
27 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WERN Common Stock Award $0 +6,164 +21% $0.000000 35,935 09 Feb 2024 Direct F1
transaction WERN Common Stock Tax liability $15,396 -370 -1% $41.61 35,565 11 Feb 2024 Direct F2
transaction WERN Common Stock Tax liability $70,571 -1,696 -4.8% $41.61 33,869 11 Feb 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock awarded February 9, 2024 under stockholder approved equity plan. This award shall vest, subject to continued employment, 34% on February 9, 2025 (1 year after the grant date) and two annual increments of 33% each beginning February 9, 2026. The award will become fully vested on February 9, 2027.
F2 Represents shares required to satisfy tax withholding obligations in connection with the vesting of 800 shares of restricted stock granted to the Reporting Person on February 11, 2021.
F3 Represents shares required to satisfy tax withholding obligations in connection with the vesting of 3,665 shares of performance-based restricted stock granted to the Reporting Person on February 11, 2021.