Form 4 for SNDR Schneider National, Inc.
Accepted 2023-02-07 00:00:00 ET · period of report 2023-02-06 · accession 0001692063-23-000020 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-07 | 2023-02-06 | SNDR | Reich Robert M JR | EVP, Chief Admin Off | M - OptEx | $18.99 | +6,000 | 99.6K | +6% | +$113.9K |
| D | 2023-02-07 | 2023-02-06 | SNDR | Reich Robert M JR | EVP, Chief Admin Off | S - Sale+OE | $29.64 | -6,000 | 93.6K | -6% | -$177.8K |
| D | 2023-02-07 | 2023-02-06 | SNDR | Reich Robert M JR | EVP, Chief Admin Off | M - OptEx | $0.00 | -6,000 | 3,706 | -62% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock | 2023-02-06 | M | A | 6,000 | $18.99 | 99,645 | D | — | — | |
| 2 | Common | Class B Common Stock | 2023-02-06 | S | D | 6,000 | $29.64 | 93,645 | D | — | — | (F1) Reflects a weighted average sale price of $29.64 per share, at prices ranging from $29.49 to $29.75 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. (F2) Of the 93,645 shares reported as directly held by the reporting person, 12,794 are unvested restricted stock units. |
| 3 | Derivative | Employee Stock Option-Right To Buy | 2023-02-06 | M | D | 6,000 | $0.00 | 3,706 | D | $18.99 · — to 2029-02-15 | 6,000 Class B Common Stock | (F3) In accordance with the provisions of the applicable plan and option agreements, the Compensation Committee approved an equitable adjustment to reduce the exercise price of the options from $20.99 at the time of the grant to $18.99 in order to reflect the $2.00 per share special dividend paid on outstanding shares of the Issuer's Class A and Class B common stock on November 9, 2020. (F4) These options vest in equal annual installments on each of the first four anniversaries of March 15, 2019, subject to the employee's continued employment through the applicable vesting date. |