Form 4: Schneider National Executive Sells Shares to Cover Tax Obligations

Mark B. Rourke, EVP & COO of Schneider National, sold 8,110 shares of Class B Common Stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Mark B. Rourke, an Executive Vice President and Chief Operating Officer at Schneider National, Inc., sold 8,110 shares of Class B Common Stock on January 2, 2025.
• The sale was executed to cover tax liabilities arising from the vesting of restricted stock units.
• The shares were sold at a price of $29.28 per share.
• Following the transaction, Mr. Rourke directly owns 249,626 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 8,110 shares is not unusual for an executive at this level.
• The price of $29.28 per share is consistent with the market price at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

insider trading, stock sale, executive compensation, restricted stock units, tax liabilities, Schneider National, SNDR