Schneider (NYSE: SNDR) director awarded 5,468 Class B RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ramirez Austin M reported acquisition or exercise transactions in this Form 4 filing.
Schneider National director Austin M. Ramirez received a grant of 5,468 shares of Class B common stock in the form of restricted stock units as board compensation. The units vest on the earlier of the one-year anniversary of the grant date or the Company’s next annual shareholder meeting, subject to his continued board service, and will be settled in Class B shares.
After this grant, Ramirez holds 5,468 Class B shares directly from the award and 8,850 Class B shares indirectly through a trust, reflecting both direct and indirect interests in the company’s equity.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ramirez Austin M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 5,468 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 5,468 shares (Direct, null);
Class B Common Stock — 8,850 shares (Indirect, By Trust)
Footnotes (1)
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Key Figures
Director stock grant: 5,468 shares
Grant price: $0.0000 per share
Direct holdings after grant: 5,468 shares
+1 more
4 metrics
Director stock grant
5,468 shares
Class B Common Stock grant (RSUs) to Austin M. Ramirez
Grant price
$0.0000 per share
Compensation grant, not open-market purchase
Direct holdings after grant
5,468 shares
Class B Common Stock held directly by Ramirez
Indirect trust holdings
8,850 shares
Class B Common Stock held indirectly by trust
Key Terms
restricted stock units, Class B common stock, annual shareholder meeting, Board of Directors
4 terms
restricted stock units financial
"Consists of restricted stock units that vest on the earlier of the one-year anniversary"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class B common stock financial
"The units will be settled in shares of Class B common stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Board of Directors financial
"continued service as a member of the Company's Board of Directors through the vesting date"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Schneider National (SNDR) report for Austin M. Ramirez?
Austin M. Ramirez received a grant of 5,468 Class B shares in the form of restricted stock units as director compensation. These units vest based on time and board service and will be settled in Class B common stock, rather than representing an open-market share purchase.
What are the vesting terms of Austin M. Ramirez’s Schneider (SNDR) restricted stock units?
The restricted stock units vest on the earlier of two dates: the one-year anniversary of the grant date or the Company’s next annual shareholder meeting. Vesting is conditioned on Ramirez continuing to serve as a member of Schneider’s Board of Directors through the vesting date.
How will Austin M. Ramirez’s Schneider (SNDR) restricted stock units be settled?
The restricted stock units will be settled in shares of Class B common stock once vested. This means Ramirez will ultimately receive Class B shares instead of cash, directly linking this award to Schneider National’s equity performance over time.
What are Austin M. Ramirez’s direct and indirect Schneider (SNDR) holdings after this filing?
Following the reported transactions, Ramirez holds 5,468 Class B shares directly from the grant. He also has an indirect interest in 8,850 Class B shares held by a trust, reflecting an additional layer of ownership separate from his direct board compensation.