Form 4: Schneider National Executive Exercises Options and Sells Shares
SEC Form 4
Thomas G. Jackson, EVP General Counsel at Schneider National, exercised stock options and sold shares on November 27, 2024.
Summary
- Thomas G. Jackson, an executive at Schneider National, exercised 18,248 stock options at a price of $16.76 per share on November 27, 2024.
- Following the exercise of these options, Mr. Jackson sold 18,248 shares of Class B Common Stock at a weighted average price of $33.0691 per share.
- The sale was executed in multiple trades with prices ranging from $32.91 to $33.28 per share.
- After these transactions, Mr. Jackson directly owns 66,526 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative for the company's overall outlook.
Industry Context
This is a routine filing related to executive stock option exercises and sales, which is common in publicly traded companies. It does not indicate any specific trend in the transportation industry.
Comparison to Industry Standards
- Executive stock option exercises and sales are a standard practice across publicly traded companies, including those in the transportation and logistics sector.
- The reported transactions are consistent with typical compensation practices for executives at similar companies.
- There are no specific comparible companies or projects mentioned in the document.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 03/15/2019 | Grant date of the stock options that vested in equal annual installments over four years. |
| 11/09/2020 | Date of the $2.00 per share special dividend payment that led to the adjustment of the option exercise price. |
| 11/27/2024 | Date of the stock option exercise and share sale. |
| 12/02/2024 | Date of the signature on the SEC Form 4. |
Keywords
stock options, insider trading, executive compensation, share sale, Class B Common Stock, Schneider National, SNDR
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