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RUSH ENTERPRISES INC \TX\·4

Mar 17, 7:51 PM ET

Pollard Jody 4

4 · RUSH ENTERPRISES INC \TX\ · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

RUSHA SVP Jody Pollard Receives Restricted Stock; Withholds Shares

What Happened
Jody Pollard, Senior Vice President of Rush Enterprises, was granted restricted stock on March 13, 2026 (17,400 shares plus a 10,000-share derivative award). Separately, the filing shows 7,990 shares were surrendered/withheld on March 14–15 to satisfy tax obligations tied to earlier restricted stock vestings; those withholdings were reported at $59.69 per share for a total value of about $476,923. The new March 13 grant vests in thirds over three years (1/3 on each anniversary).

Key Details

  • Grant date: 2026-03-13 — 17,400 shares (award) + 10,000 shares (derivative restricted award). No cash paid for the grant (reported $0.00).
  • Tax withholding (disposals reported as "F"):
    • 2026-03-14: 2,283 shares @ $59.69 = $136,272 (withholding for 3/14/2025 vesting, per footnote).
    • 2026-03-15: 2,283 shares @ $59.69 = $136,272 (withholding for 3/15/2024 vesting).
    • 2026-03-15: 3,424 shares @ $59.69 = $204,379 (withholding for 3/15/2023 vesting).
    • Total withheld: 7,990 shares; total value ≈ $476,923. (Price = closing price on 3/13/2026 per filing.)
  • Shares owned after the transactions are not specified in the excerpt; the filing indicates retained unvested restricted stock.
  • Notable footnotes: vesting schedule for the Mar 13 grant is 1/3 each year for three years (F1); several footnotes (F3–F6) state the withheld shares satisfy tax obligations from prior-year vestings; F2 notes inclusion of unvested restricted stock.
  • Filing date: 2026-03-17 — filed within the standard two-business-day window after the 3/13 grant (timely).

Context

  • These transactions are primarily award grants plus routine tax-withholding (share surrender) to cover income tax liabilities from earlier vested awards. Withholdings are not open-market sales and are a common administrative step when restricted shares vest.
  • The 10,000-share item is reported as a derivative/restricted award (not a new option exercise); the new award will vest over time per the stated schedule.
  • No 10b5-1 plan or late-filing flag is indicated in the provided data.

Insider Transaction Report

Form 4
Period: 2026-03-13
RUSH ENTERPRISES INC \TX\RUSHA
Pollard Jody
Senior Vice President
Transactions
  • Award

    Class B Common Stock

    [F1][F2]
    2026-03-13+17,400→ 181,602 total
  • Tax Payment

    Class B Common Stock

    [F3][F4][F2]
    2026-03-15$59.69/sh−3,424$204,379→ 178,178 total
  • Tax Payment

    Class B Common Stock

    [F5][F4][F2]
    2026-03-15$59.69/sh−2,283$136,272→ 175,895 total
  • Tax Payment

    Class B Common Stock

    [F6][F4][F2]
    2026-03-14$59.69/sh−2,283$136,272→ 173,612 total
  • Award

    Option (right to buy)

    [F7]
    2026-03-13+10,000→ 10,000 total
    Exercise: $61.75Exp: 2036-03-13→ Class A Common Stock (10,000 underlying)
Footnotes (7)
  • [F1]Reflects the grant of restricted stock. The restricted stock vests in increments of 1/3 on each of the first, second and third anniversary of the grant date, which is March 13, 2026.
  • [F2]Includes shares of unvested restricted stock.
  • [F3]Shares reported are shares not reported to the reporting person in order to satisfy the reporting person's tax obligations with respect to vesting associated with the grant of restricted stock that occurred on March 15, 2023.
  • [F4]The price reported was the closing share price on March 13, 2026.
  • [F5]Shares reported are shares not reported to the reporting person in order to satisfy the reporting person's tax obligations with respect to vesting associated with the grant of restricted stock that occurred on March 15, 2024.
  • [F6]Shares reported are shares not reported to the reporting person in order to satisfy the reporting person's tax obligations with respect to vesting associated with the grant of restricted stock that occurred on March 14, 2025.
  • [F7]Options may be exercised in increments of 1/3 on each anniversary of the grant date beginning on the third anniversary of the grant date. The grant date is ten years prior to the expiration date.
Signature
/s/ Matthew D. Willcox, as Attorney in Fact for Jody Pollard|2026-03-17

Documents

1 file
  • 4
    rdgdoc.xmlPrimary

    FORM 4