Devgun Shaleen 4

What Happened Devgun Shaleen, EVP — Chief Innovation & Technology at Schneider National (SNDR), exercised 8,352 stock options on 2026-06-08 by paying $24.81 per share (total cost ≈ $207,213), and then sold all 8,352 shares in the open market at a weighted average price of $38.59 per share, generating proceeds of ≈ $322,339. The filing shows the related derivative (the options) was disposed/terminated as part of this transaction. This is effectively a cashless exercise followed by an immediate sale (a routine monetization rather than a new purchase).

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (timely).
• Exercise: 8,352 shares acquired at $24.81 each (total ≈ $207,213). (Footnote F2: exercise price was adjusted from $26.81 to $24.81 to reflect a $2.00 special dividend paid 11/09/2020.)
• Sale: 8,352 shares sold at a weighted average price of $38.59 (proceeds ≈ $322,339). (Footnote F1: sale executed in multiple trades at $38.50–$38.72.)
• Derivative disposition: options exercised/terminated as reflected on the form.
• Vesting note: these options vested in equal annual installments starting March 15, 2018 (Footnote F3).
• Shares owned after the transaction: not stated in the provided filing excerpt.

Context

• This was an option exercise with an immediate open-market sale (cashless exercise), a common way for insiders to realize gains from vested options. It is a sale, not a purchase, so it does not directly signal increased insider ownership. The filing appears timely (filed two days after the transaction).