Ewing Scott M 4

What Happened

• Scott M. Ewing, EVP & Chief Legal Officer of Trinity Industries (TRN), was granted 14,144 shares (reported as an award, code A) on 2026-05-21 at $0.00 (award acquisition). To cover tax withholding (code F), 1,972 shares were surrendered/disposed at $34.30 each, generating proceeds of $67,640. The award is an acquisition of shares rather than an open-market purchase.

Key Details

• Transaction dates: 2026-05-21 (award and tax withholding).
• Prices reported: award at $0.00 (code A); tax-withheld shares at $34.30 each (code F) for $67,640 total.
• Shares owned after transaction: Not specified in the filing.
• Filing timing: Form 4 was filed on 2026-05-26 (five days after the transaction date), which exceeds the standard two-business-day Form 4 filing window and appears late.
• Codes: A = Award/Grant (acquisition); F = Payment of exercise price or tax liability (shares withheld to cover taxes).

Context

• The award (code A) typically reflects company compensation (e.g., restricted stock or RSUs) and is an acquisition for the insider; it does not necessarily signal a buy motivated by market view. The surrender of 1,972 shares to cover taxes is routine and common when shares are issued as compensation.