Reich Robert M JR 4

What Happened Robert M. Reich Jr., EVP and Chief Administrative Officer of Schneider National (SNDR), was granted 14,097 restricted stock units (RSUs) on Feb 13, 2026 (reported as acquired at $0.00). On Feb 15, 2026, a total of 7,923 shares were withheld/disposed to satisfy tax withholding obligations tied to prior RSU vestings. The withheld shares were recorded at $28.73 per share, totaling $227,628. (At the reported $28.73 price, the newly granted 14,097 RSUs have an implied market value of roughly $405,000.)

Key Details

• Transaction dates and prices:
  • 2026-02-13: Award/grant of 14,097 RSUs (code A) — reported $0.00 acquisition price (RSUs).
  • 2026-02-15: Four tax-withholding dispositions (code F): 1,638; 618; 4,285; and 1,382 shares — all at $28.73/share, totaling $227,628.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: The 14,097 RSUs vest in equal annual installments on each of the first three anniversaries of Feb 15, 2026, subject to continued employment; settled in Class B common stock.
  • F2–F5: The withheld shares relate to tax liabilities from prior RSU vestings dated Feb 15 of 2025 (F2), 2022 (F3), 2024 (F4), and 2023 (F5).
• Filing timeliness: Form 4 was filed Feb 18, 2026; the filing’s timeliness flag was not provided in the materials supplied.

Context

• These transactions are primarily equity compensation activity: a new RSU grant plus routine share withholding to cover tax obligations from prior RSU vestings. Tax withholding (code F) is common and does not necessarily indicate a discretionary sale by the insider.
• The new RSUs vest over three years (not immediately tradable) and will be settled in Class B common shares when they vest.