Director Timmerman retires; Werner sets CEO base salary $875k, RS 37,327, PS 37,746

WERNER ENTERPRISES INC

Director Gerald H. Timmerman retired effective Feb 9, 2022; board size decreased from nine to eight.
CEO Derek Leathers base salary $875k; awarded 37,327 restricted stock and 37,746 performance stock at target.
Other NEOs: Nordlund ($410k), Steele ($340k), Schelble ($400k), Johnson ($450k) each received 4,083 RS and 4,128 PS.
2022 AIP bonus targets 60%-115% of base salary; based on operating income, revenue ex-fuel, and individual performance.

item 5.02 item 9.01

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Departed

Gerald H. Timmerman

Director

WERN · WERNER ENTERPRISES INC

Effective: 2022-02-09
Filed: February 11, 2022, 6:59 PM ET

On February 9, 2022, Mr. Gerald H. Timmerman, Director, gave notice of his decision to retire from the Board of Directors of Werner Enterprises, Inc. (the "Company"), effective February 9, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gerald H. Timmerman retired as Director at WERNER ENTERPRISES INC.

Action: retired
Role: Director

Exact text from the filing

On February 9, 2022, Mr. Gerald H. Timmerman, Director, gave notice of his decision to retire from the Board of Directors of Werner Enterprises, Inc. (the "Company"), effective February 9, 2022.

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WERNER ENTERPRISES INC filing history →

Source: SEC EDGAR

accession 0000793074-22-000008

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