Form 4: Schneider National CEO Mark Rourke Reports Stock Transactions
SEC Form 4 Filing
Mark Rourke, President & CEO of Schneider National, reports acquisition of stock and withholding of shares for tax liabilities related to vesting restricted stock units.
Summary
- On February 14, 2025, Mark Rourke acquired 98,111 shares of Class B Common Stock at $0.00.
- On February 15, 2025, shares of Class B Common Stock were withheld to satisfy tax liabilities upon vesting of restricted stock units.
- Specifically, 9,180 shares were withheld related to the February 15, 2023 award, 4,524 shares were withheld related to the February 15, 2022 award, and 24,124 shares were withheld related to the February 15, 2024 award, all at a price of $27.52.
- Following these transactions, Rourke directly owns 309,909 shares of Class B Common Stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reports routine stock transactions related to executive compensation. The acquisition of shares is a mildly positive signal, but the withholding for taxes is a neutral event.
Positives
- The acquisition of 98,111 shares by the CEO could be interpreted as a positive signal about the company's prospects.
Future Outlook
The restricted stock units vest in equal annual installments on each of the first three anniversaries of February 15, 2025, subject to continued employment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of restricted stock units award, shares withheld on 02/15/2025 to satisfy tax liabilities. |
| 02/15/2023 | Date of restricted stock units award, shares withheld on 02/15/2025 to satisfy tax liabilities. |
| 02/15/2024 | Date of restricted stock units award, shares withheld on 02/15/2025 to satisfy tax liabilities. |
| 02/14/2025 | Date of transaction: Acquisition of 98,111 shares of Class B Common Stock. |
| 02/15/2025 | Date of transaction: Shares withheld to satisfy tax liabilities upon vesting of restricted stock units. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Schneider National, Mark Rourke, Stock Transactions, Class B Common Stock, Restricted Stock Units, Form 4, SEC
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