secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000793074-24-000010
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Werner Enterprises approves 2024 executive compensation; CEO base salary $945K
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- CEO Derek Leathers awarded $945K base salary, 48,080 RS units, 48,693 PS units at target.
- CFO Christopher Wikoff receives $520K salary, 5,301 RS, 5,369 PS units; other NEOs similar.
- Performance stock vests based on cumulative diluted EPS (2024-25), TSR modifier up to ±25%.
- 2024 AIP bonus linked to operating income, revenue ex-fuel surcharge, individual performance.
- Exhibit 10.1 filed is a standard form performance stock award agreement under 2023 LTIP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307424000010/0000793074-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307424000010/wern-20240209.htm
  HTML page:      https://secwatch.observer/filing/0000793074-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer