Jackson Thomas G 4

What Happened
Thomas G. Jackson, Executive Vice President and General Counsel of Schneider National (SNDR), exercised 20,271 stock options and then sold the resulting 20,271 shares in an open-market transaction on June 10, 2026. The exercise required $525,222 (20,271 × $25.91); the shares were sold at a weighted-average price of $37.15 for total proceeds of $752,978. Net proceeds from the sequence were about $227,756. The filing shows the option instrument was converted/terminated as part of the exercise.

Key Details

• Transaction date: June 10, 2026.
• Exercise (code M, acquired): 20,271 shares at $25.91 each, total cost $525,222.
• Sale (open market, code S, disposed): 20,271 shares at weighted-average $37.15, total proceeds $752,978 (sales executed between $37.00–$37.37; F1).
• Derivative disposition (code M, $0) reflects conversion/termination of the exercised options into shares.
• Vesting note (F2): the options vested in equal annual installments on each of the first four anniversaries of the Feb 15, 2022 grant.
• Shares owned after the transaction: not specified in the Form 4 provided.
• Filing timeliness: Form filed June 12, 2026 for a June 10 transaction — within the standard two-business-day reporting window (not flagged as late).

Context
This is a common “exercise-and-sell” sequence (often called a cashless exercise): the insider exercised vested options and immediately sold the shares in the open market. Such transactions convert option value to cash and do not necessarily indicate a change in the insider’s long-term view of the company; they primarily reflect option vesting and liquidity actions.