Form 4: Schneider National Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Robert M. Reich JR, EVP CAO of Schneider National, sold shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On March 15, 2025, Robert M. Reich JR, an EVP CAO at Schneider National, Inc., disposed of 585 shares of Class B Common Stock.
- The shares were sold at a price of $23.75.
- This transaction was to cover tax liabilities related to the vesting of restricted stock units awarded on February 15, 2021.
- Following the transaction, Reich directly owns 162,204 shares of Schneider National, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting an insider transaction related to tax obligations. It's a common occurrence and doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/15/2021 | Date of restricted stock units award |
| 03/15/2025 | Date of stock sale transaction |
| 03/18/2025 | Date of Form 4 signature |
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