Form 4: Schneider National Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shelly A. Dumas Magnin, Vice President and Controller of Schneider National, sold shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On March 15, 2024, Shelly A. Dumas Magnin, Vice President and Controller of Schneider National, Inc. [SNDR], disposed of shares of Class B Common Stock to satisfy tax liabilities.
- A total of 395 shares were disposed of at a price of $22.55 per share related to the vesting of restricted stock units awarded on February 14, 2020.
- An additional 468 shares were disposed of at the same price of $22.55 per share related to the vesting of restricted stock units awarded on February 15, 2021.
- Following these transactions, Dumas Magnin beneficially owns 24,252 shares of Class B Common Stock, of which 10,184 are unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine tax-related stock sales by an executive and doesn't inherently signal positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/14/2020 | Date of award of restricted stock units, part of which vested on 03/15/2024. |
| 02/15/2021 | Date of award of restricted stock units, part of which vested on 03/15/2024. |
| 03/15/2024 | Date of transaction: Shares disposed of to cover tax liabilities upon vesting of restricted stock units. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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