WABASH NATIONAL Corp 8-K, filed Mar 7, 2022
WABASH NATIONAL Corp (WNC)
8-K
2022-03-07
For: 2022-02-11
View Original
Added on
April 08, 2026
About this 8-K
WABASH NATIONAL Corp filed this 8-K on March 7, 2022, reporting on events of February 11, 2022.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 11, 2022
(Exact Name of Registrant as Specified in its Charter)
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Registrant’s telephone number, including area code: (765 ) 771-5310
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Item 8.01 Other Events.
On February 11, 2022, Brent L. Yeagy, President and Chief Executive Officer of Wabash National Corporation (the “Company”), entered into a pre-arranged stock trading plan (the “Yeagy 10b5-1 Plan”). The Yeagy 10b5-1 Plan allows for sales of the number of net shares remaining after taxes are withheld from Mr. Yeagy’s restricted stock unit award and performance share unit award that each vested on February 21, 2022 (i.e., 79,880 shares of Common Stock) commencing on March 14, 2022 and continuing until all such shares are sold or December 30, 2022, whichever comes first. Based on his current ownership of Common Stock, if under the Yeagy 10b5-1 Plan all of the Common Stock were sold, Mr. Yeagy would own approximately 84% of his current beneficially owned shares of Common Stock.
On February 18, 2022, Michael N. Pettit, Senior Vice President and Chief Financial Officer of the Company, entered into a pre-arranged stock trading plan (the “Pettit 10b5-1 Plan”). The Pettit 10b5-1 Plan allows for a sale of a maximum of 25,000 shares of Common Stock commencing on March 21, 2022 and continuing until all such shares are sold, or November 15, 2022, whichever comes first. Based on his current ownership of Common Stock, if under the Pettit 10b5-1 Plan all of the Common Stock were sold, Mr. Pettit would own approximately 78% of his current beneficially owned shares of Common Stock.
On February 23, 2022, Dustin T. Smith, Senior Vice President and Chief Strategy Officer of the Company, entered into a pre-arranged stock trading plan (the “Smith 10b5-1 Plan,” and collectively with the Yeagy 10b5-1 Plan and the Pettit 10b5-1 Plan, the “10b5-1 Plans”). The Smith 10b5-1 Plan allows for a sale of a maximum of 35,000 shares of Common Stock, commencing on March 24, 2022 and continuing until all such shares are sold, or December 30, 2022, whichever comes first. Based on his current ownership of Common Stock, if under the Smith 10b5-1 Plan all of the Common Stock were sold, Mr. Smith would own approximately 66% of his current beneficially owned shares of Common Stock.
Each of the 10b5-1 Plans were designed to comply with the Company's insider trading policies and the guidelines specified in Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended. Messrs. Yeagy, Pettit and Smith will continue to be subject to the Company's stock ownership guidelines, and the sales contemplated by the 10b5-1 Plans will not reduce any of their ownership of Common Stock below the level required by the guidelines.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WABASH NATIONAL CORPORATION | ||||||||
| Date: March 7, 2022 | By: | /s/ Michael N. Pettit | ||||||
| Michael N. Pettit | ||||||||
| Senior Vice President and Chief Financial Officer | ||||||||