Form 4: Schrodinger SVP & Controller Jenny Herman Sells Shares to Cover Tax Obligations

Jenny Herman, SVP & Controller of Schrodinger, Inc., sold 666 shares of common stock on March 6, 2025, to cover withholding tax obligations related to vesting restricted stock units.

Summary

• On March 6, 2025, Jenny Herman, the SVP & Controller of Schrodinger, Inc., sold 666 shares of the company's common stock.
• The sale was executed at a price of $21.11 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 11, 2023.
• The purpose of the sale was to cover withholding tax liabilities incurred upon the vesting of restricted stock units (RSUs).
• Following the transaction, Herman directly owns 27,349 shares of Schrodinger, Inc., which includes 19,285 unvested RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating it was not based on insider information.

Industry Context

Sales of shares by company executives are a normal part of corporate governance. Sales to cover tax obligations are common, especially when equity compensation is involved.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the relatively small number of shares involved.

Key Dates