Schneider National (NYSE: SNDR) director awarded 5,468 Class B restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schneider Paul J. reported acquisition or exercise transactions in this Form 4 filing.
Schneider National, Inc. director and 10% owner Paul J. Schneider reported an equity compensation grant of 5,468 restricted stock units of Class B common stock. These units vest on the earlier of one year from grant or the next annual shareholder meeting, subject to continued board service, and will be settled in Class B shares. Following this award, he directly holds 437,384 Class B shares, with an additional 1,279,870 shares held indirectly through trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schneider Paul J.
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 — 437,384 shares (Direct, null);
Class B Common Stock — 1,279,870 shares (Indirect, By Trusts)
Footnotes (1)
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Key Figures
RSU grant size: 5,468 units
Grant price: $0.00 per unit
Direct holdings after grant: 437,384 shares
+2 more
5 metrics
RSU grant size
5,468 units
Restricted stock units of Class B common stock granted to director
Grant price
$0.00 per unit
RSU grant classified as compensation, not open-market purchase
Direct holdings after grant
437,384 shares
Class B common stock directly owned following RSU award
Indirect holdings via trusts
1,279,870 shares
Class B common stock held indirectly by trusts
Vesting trigger
Earlier of 1-year or next annual meeting
RSU vesting condition tied to time and shareholder meeting
Key Terms
restricted stock units, Class B common stock, grant, award, or other acquisition, By Trusts
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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
By Trusts financial
"direct_or_indirect": "I", "nature_of_ownership": "By Trusts""
FAQ
What did Paul J. Schneider report in this Schneider National (SNDR) Form 4 filing?
Paul J. Schneider reported receiving an equity compensation grant of 5,468 restricted stock units of Schneider National Class B common stock. This is a non-cash award, reflected as an acquisition rather than an open-market purchase or sale.
How do the new restricted stock units for SNDR vest for Paul J. Schneider?
The 5,468 restricted stock units vest on the earlier of the one-year anniversary of the grant date or Schneider National’s next annual shareholder meeting. Vesting is conditioned on Schneider’s continued service on the Board of Directors through the vesting date.
How will Paul J. Schneider’s restricted stock units in Schneider National (SNDR) be settled?
Upon vesting, the restricted stock units will be settled in shares of Class B common stock of Schneider National. This means he will receive actual Class B shares rather than cash, increasing his direct equity stake when they vest.