Form 4: Schneider National Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Shelly A. Dumas Magnin, VP and Corporate Controller of Schneider National, Inc., disposed of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On March 15, 2025, Shelly A. Dumas Magnin, VP and Corporate Controller of Schneider National, Inc., disposed of 468 shares of Class B Common Stock.
- The shares were sold at a price of $23.75 per share.
- This transaction was to satisfy tax liabilities upon the vesting of a February 15, 2021 award of restricted stock units.
- Following the transaction, Dumas Magnin directly owns 25,874 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't indicate a significant change in the executive's holdings or sentiment towards the company.
Industry Context
This is a routine Form 4 filing, common for corporate executives who receive stock-based compensation. It indicates a transaction related to tax obligations and doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/15/2021 | Date of restricted stock units award |
| 03/15/2025 | Date of transaction (stock sale) |
| 03/18/2025 | Date of signature on the Form 4 |
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