Marchetto Eric R 4

What Happened

• Eric R. Marchetto, EVP & Chief Financial Officer of Trinity Industries (TRN), was granted 51,336 shares as an award/vesting on 2026-05-21 (reported as acquisition code A). To satisfy tax withholding, 14,922 of those shares were withheld/disposed (code F) at $34.30 per share, generating $511,825 in withholding value. Net shares retained from the award: 36,414 (51,336 granted minus 14,922 withheld).
• This was an award/settlement with share withholding for taxes (routine corporate compensation processing), not an open-market purchase or investment sale.

Key Details

• Transaction date: 2026-05-21. Filing date: 2026-05-26 (appears one business day late versus the 2-business-day Form 4 deadline).
• Award (A): 51,336 shares @ $0.00 reported acquisition price (typical for RSU/award reporting).
• Tax withholding (F): 14,922 shares disposed @ $34.30 = $511,825 withheld to cover tax liability.
• Net shares newly retained from this award: 36,414.
• Shares owned after transaction: not specified in the disclosed details.
• Codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).

Context

• This looks like a standard vesting/settlement of equity compensation with a cashless share-withholding to cover taxes. Such withholdings are routine and do not necessarily indicate insider buying or selling for investment reasons.
• The filing was submitted May 26 for a May 21 transaction, which appears to be filed one business day late under typical Form 4 timing rules.