Savage Jean 4

What Happened

• Jean Savage, President & CEO and a director of Trinity Industries (TRN), received an award/grant of 192,682 shares on 2026-05-21 (code A). To satisfy tax withholding, 55,697 of those shares were surrendered/disposed at $34.30 each (code F), generating proceeds of $1,910,407. Net shares retained from the award equal 136,985 shares (192,682 – 55,697).
• This was not an open-market sale or purchase — the disposition reflects tax withholding on an equity award (typical after vesting or settlement).

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-26 (appears late vs. the usual 2-business-day Form 4 requirement).
• Award: 192,682 shares granted at $0.00 (code A).
• Tax withholding/disposition: 55,697 shares @ $34.30 = $1,910,407 (code F).
• Net shares retained from this grant (calculated): 136,985 shares.
• Footnotes: F1/F2 indicate shares are held in family trusts and a revocable trust for which Savage is trustee/beneficiary.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• Code A indicates a grant/award (often RSUs or restricted stock); code F indicates shares were withheld to cover tax obligations (a form of cashless/net settlement), not a market sell.
• Such withholding transactions are routine following equity awards and do not necessarily signal bullish or bearish intent.