SCHEDULE 13G/A: Thomas A. Gannon Discloses 6.4% Beneficial Stake in Schneider National Class B Common Stock
Beneficial Ownership Disclosure
Thomas A. Gannon has filed an amended Schedule 13G, revealing a continued beneficial ownership of 6.4% of Schneider National, Inc.'s Class B Common Stock as of December 31, 2024.
Summary
- Thomas A. Gannon filed Amendment No. 7 to Schedule 13G, disclosing his beneficial ownership in Schneider National, Inc.'s Class B Common Stock.
- As of December 31, 2024, Mr. Gannon beneficially owns an aggregate of 5,861,131 shares of Class B Common Stock.
- This ownership represents 6.4% of the total outstanding Class B Common Stock.
- Mr. Gannon holds sole voting and dispositive power over 165,741 shares.
- He holds shared voting and dispositive power over 5,695,390 shares, primarily through trusts for which he serves as a co-trustee.
- The percentage of ownership is calculated based on 92,155,677 shares of Class B common stock outstanding as of October 25, 2024, as reported in the Issuer's Form 10-Q filed on November 6, 2024.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain qualitative information to assess positive or negative sentiment regarding the company's performance or outlook.
Positives
- The filing indicates Thomas A. Gannon maintains a significant beneficial ownership stake of 6.4% in Schneider National, Inc.'s Class B Common Stock, which can be interpreted as continued confidence in the company by a key individual.
Negatives
- The document, being a beneficial ownership disclosure, does not contain information that would typically be categorized as negatives regarding the company's performance or outlook.
Risks
- The document does not detail specific risks related to the company's operations or financial health; it is solely a disclosure of beneficial ownership.
Future Outlook
The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a standard regulatory disclosure of a significant ownership stake by an individual, common across all industries for publicly traded companies. It does not provide specific industry-related insights or trends.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant individual shareholder's stake, which can influence market perception and potentially share price.
- Regulatory Authorities: Fulfills SEC disclosure requirements for significant beneficial ownership.
Next Steps
- The document does not outline any specific future actions, events, or milestones for the company or the reporting person beyond the regulatory filing itself.
Key Dates
| Date | Description |
|---|---|
| 2024-10-25 | Date as of which 92,155,677 Class B common shares were outstanding, used for percentage calculation. |
| 2024-11-06 | Date Schneider National, Inc. filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-01-31 | Date the Schedule 13G Amendment No. 7 was signed and filed. |
Keywords
Schneider National, Class B Common Stock, beneficial ownership, SEC filing, Schedule 13G, Thomas A. Gannon, ownership disclosure
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