Form 4: Schneider National Executive Reports Stock Transactions
SEC Form 4 Filing
Chief Innovation & Technology Officer Shaleen Devgun reports transactions involving Schneider National's Class B Common Stock, including shares withheld for tax liabilities and vesting of restricted stock awards.
Summary
- On March 15, 2024, Shaleen Devgun, Chief Innovation & Technology Officer of Schneider National, Inc., reported several transactions involving Class B Common Stock.
- 567 shares were withheld to cover tax liabilities related to the vesting of restricted stock awarded on February 14, 2020, at a price of $22.55 per share.
- An additional 1,039 shares were withheld to cover tax liabilities related to the vesting of restricted stock awarded on February 15, 2021, also at $22.55 per share.
- 638 shares of Class B Common Stock vested on March 15, 2024, from the February 14, 2020 award, with the reporting person holding both unvested stock directly and vested stock in trust.
- Another 1,170 shares of Class B Common Stock vested on March 15, 2024, from the February 15, 2021 award, with the reporting person holding both unvested stock directly and vested stock in trust.
- Following these transactions, Devgun directly owns 37,736 shares and indirectly owns 133,181 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/14/2020 | Date of restricted stock award granted to the reporting person. |
| 02/15/2021 | Date of restricted stock award granted to the reporting person. |
| 03/15/2024 | Date of transactions reported. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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