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AI brief of an SEC Form 8-K · Werner Enterprises (WERN)

Werner Enterprises sets 2025 pay for five executives, including CEO Derek Leathers

Neutral Impact 2 of 5 leadership Written later

On February 13, 2025, Werner's compensation committee approved 2025 base salaries, restricted stock, and performance stock awards for five named executive officers, led by Chairman and CEO Derek J. Leathers at a $980,000 base salary. The awards tie part of executive pay to three-year diluted EPS growth and relative total shareholder return, which links executive compensation to per-share results for shareholders.

Key points

  • CEO Derek J. Leathers: $980,000 base salary, 62,966 restricted shares and 63,956 performance shares at target
  • CFO Christopher D. Wikoff: $520,000 base salary, 7,496 restricted shares and 7,614 performance shares at target
  • Performance stock vests between 0% and 200% of target based on average annual diluted EPS growth for January 1, 2025 through December 31, 2027, with a TSR modifier of up to 25%
  • Base salaries are effective February 13, 2025; 2025 annual bonus targets range from 65% to 125% of base salary

The filing

CompanyWerner Enterprises (WERN)
Form8-K, current report
Filed with the SECFeb 19, 2025, 4:06 PM ET
Accession number0000793074-25-000006

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.