Savage Jean 4

What Happened

• Jean Savage, President & CEO and a director of Trinity Industries (TRN), disposed of 23,768 shares on May 15, 2026. The shares were reported as a payment related to exercise price or tax liability (transaction code F), at $34.26 per share for a total of approximately $814,292. This was a withholding/disposition to satisfy tax or exercise obligations rather than an open-market sale for investment purposes.

Key Details

• Transaction date and price: May 15, 2026 — 23,768 shares at $34.26 each (total ≈ $814,292).
• Transaction type: Code F — payment of exercise price or tax liability (shares withheld/disposed).
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Footnotes:
  • F1: Shares held in family trusts; reporting person is trustee and family members are beneficiaries.
  • F2: Includes shares held by a revocable trust of which the reporting person is lifetime beneficiary and trustee.
• Filing date/timeliness: Form 4 filed May 19, 2026 — filed within the typical SEC two-business-day window for reporting Form 4 transactions.

Context

• Code F transactions commonly reflect shares surrendered or withheld to cover taxes or pay the exercise price on previously granted equity (a routine administrative step). Such withholdings are not the same as voluntary open-market sales and do not necessarily signal a change in the insider’s view of the company.