Trinity (TRN) Director Robert C. Biesterfeld Jr Receives Phantom Stock Award

What Happened

• Robert C. Biesterfeld Jr, a director of Trinity Industries, was granted 1,156 Trinity phantom stock units on 2026-09-30. The units are recorded at $25.54 each for a total grant value of $29,524. This filing reports an award (derivative grant) under the company’s director deferred compensation plan rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-09-30 at $25.54 per unit (total $29,524).
• Transaction type/code: A — Award/Grant (derivative security).
• Security: Phantom stock units that convert at a 1-for-1 rate to Trinity common stock units.
• Settlement: Per footnote F1, settlement will be in cash after the reporting person’s retirement (no immediate share issuance).
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: Reported on 2026-10-01 for a 2026-09-30 grant (within the standard Form 4 reporting window).

Context

• Phantom stock units are a deferred-compensation vehicle for directors; they track share value but, per the footnote, will be paid in cash after retirement rather than resulting in immediate stock ownership. Such grants are routine director compensation and do not by themselves indicate near-term buying or selling intentions.