Shaleen Devgun - 03 Mar 2022 Form 4 Insider Report for Schneider National, Inc. (SNDR)

Role
EVP, Chief Information Officer
Signature
/s/ Thomas G. Jackson, by power of attorney
Issuer symbol
SNDR
Transactions as of
03 Mar 2022
Net transactions value
-$115,365
Form type
4
Filing time
07 Mar 2022, 20:32:00 UTC
Previous filing
17 Feb 2022
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNDR Class B Common Stock Options Exercise $199,716 +11,748 +7.5% $17.00 167,489 03 Mar 2022 Direct
transaction SNDR Class B Common Stock Sale $315,081 -11,748 -7% $26.82 155,741 03 Mar 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNDR Employee Stock Option-Right To Buy Options Exercise $0 -11,748 -100% $0.000000* 0 03 Mar 2022 Class B Common Stock 11,748 $17.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 155,741 shares reported as directly held by the reporting person, 41,832 are unvested restricted stock units.
F2 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 $19.00 at the time of the grant to $17.00 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.
F3 These options vested in equal annual installments on each of the first four anniversaries of the grant date, which was April 5, 2017.