Form 4: Schneider National Executive Acquires Shares Through Performance Vesting, Disposes of Shares for Tax Liabilities

Robert M. Reich JR, EVP and Chief Admin Officer of Schneider National, Inc., acquired shares through performance vesting and disposed of shares to cover tax obligations.

Summary

• On February 23, 2024, Robert M. Reich JR, EVP and Chief Admin Officer of Schneider National, Inc., acquired 18,514 Class B Common Stock shares due to the vesting of performance shares under the company's 2017 Omnibus Incentive Plan.
• The vesting was contingent upon the satisfaction of certain company financial performance criteria.
• On the same day, Reich disposed of 5,925 Class B Common Stock shares at a price of $25.45 to satisfy tax liabilities associated with the vesting of the performance shares.
• Following these transactions, Reich directly owns 162,052 shares, of which 44,466 are unvested restricted stock units.
• The transactions were reported on February 27, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects standard executive compensation practices and tax-related transactions. The vesting of performance shares is a slightly positive indicator of company performance.

Positives

• The vesting of performance shares suggests that Schneider National, Inc. met certain financial performance criteria.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The vesting of performance shares aligns executive interests with shareholder value.

Key Dates