NYSE:SNDRTransportation
Schneider National ESOP Shelf Sparks Questions On Dilution And Valuation Gap
Schneider National (NYSE:SNDR) filed a shelf registration for an Employee Stock Ownership Plan related offering of approximately 19.9 million Class B shares.
The filing covers up to US$610 million of securities that may be offered from time to time.
The move centers on Class B common stock that is linked to employee ownership and incentive structures.
Schneider National is a large North American trucking, intermodal, and logistics company, so any change in its equity structure tends to draw...