Penn State is an all-around regular in the NCAA Tournament with 29-straight appearances dating back to 1995.
Peter Mangione, Femi Awodesu, Kris Shakes, and Jeff Coach each received conference-wide distinctions.
Gladieux was the conference's 2022 Big Ten Player of the Year and Offensive Player of the Year, too.
"I believe in a lot of what [Shrewsberry] did structurally. I just want to do it faster."
The two-spot drop follows the Nittany Lions' series split against Alaska Anchorage over the weekend.
"He was a brilliant designer, an incisive instructor, an energizing colleague, and an impassioned advocate for his students."