Welch James L 4

What Happened
James L. Welch, a director of Schneider National, was granted 5,468 restricted stock units (reported as an "A" award) on 2026-04-30. The grant price is listed as $0.00 (no cash paid); reported value is $0. These units will convert to Class B common stock upon vesting and are a form of director compensation rather than a market purchase.

Key Details

• Transaction date: 2026-04-30; Filing date (Form 4): 2026-05-04.
• Transaction type/code: Award/Grant (A). Price per share: $0.00; total reported value: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The award consists of restricted stock units that vest on the earlier of the one‑year anniversary of the grant and the Company's annual shareholder meeting for the year following the grant, subject to continued service as a director. Units will be settled in Class B common stock.
• No indication of a 10b5-1 plan, sale, or tax-withholding event in this filing.

Context
This is a non-cash equity award commonly used to compensate board members and does not indicate a market purchase or sale. Vesting is conditional on continued board service and timing tied to the company’s annual meeting or a one-year anniversary. As with most director grants, the award is routine compensation rather than an explicit buy/sell signal.