Glenn William 4
4 · GREENBRIER COMPANIES INC · Filed Jul 15, 2026
Research Summary
AI-generated summary of this filing
Greenbrier (GBX) SVP Glenn William Sells Shares
What Happened
Glenn William, SVP and President, Europe of Greenbrier Companies (GBX), disposed of a total of 24,000 shares in mid-July 2026 for reported proceeds of $1,146,280. He sold 4,000 shares in an open-market or private sale on 2026-07-13 at $48.15 per share (proceeds $192,604) and a 20,000-share disposal reported 2026-07-14 at $47.68 per share (proceeds $953,676) that resulted from a cash-out of phantom shares under the company’s deferred compensation plan. Both transactions are sales (not purchases), which are commonly routine (e.g., diversification or compensation-related) rather than a clear bullish signal.
Key Details
- Transaction dates and amounts:
- 2026-07-13: Sale of 4,000 shares @ $48.15 — $192,604 reported proceeds.
- 2026-07-14: Discretionary/derivative disposal of 20,000 shares @ $47.68 — $953,676 reported proceeds.
- Total shares sold: 24,000; total reported proceeds: $1,146,280.
- Shares owned after the transactions: Not disclosed in the Form 4 filing.
- Footnotes of note:
- F1: Upon RSU vesting, William deferred receipt into phantom stock (one phantom share = economic equivalent of one common share). Phantom shares pay out in cash upon termination or can be moved into an alternative investment account.
- F2: The 20,000-share disposal reflects the reporting person transferring the cash value of 20,000 phantom shares into an alternative investment account; the company’s deferred comp plan sold shares on his behalf.
- Filing timeliness: Form 4 was filed 2026-07-15 and appears timely (filed within the usual two-business-day window after the transactions).
Context
- The larger 20,000-share transaction involved phantom stock from a deferred compensation plan (a cash-equivalent payout/transfer), not a direct open-market sale of previously held common shares. That makes it more of an administrative/cash management action than an explicit market-view trade.
- Sales by executives are common and can reflect many personal/plan-driven reasons; they do not by themselves indicate the insider’s view of the company’s prospects.
Insider Transaction Report
- Sale
Common Stock
2026-07-13$48.15/sh−4,000$192,604→ 24,325 total - Discretionary Transaction
Phantom Shares
[F1][F2]2026-07-14$47.68/sh−20,000$953,676→ 35,068 total→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Upon the vesting of restricted stock units, the reporting person deferred the receipt of shares of common stock and received instead an equal number of shares of phantom stock pursuant to the Company's deferred compensation plan. Each phantom share is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of employment with the Company, and may be transferred by the reporting person into an alternative investment account at any time.
- [F2]The reporting person transferred into an alternative investment account the cash value of 20,000 shares of phantom stock held under the Company's deferred compensation plan. The transfer resulted in the sale of shares by the Company's deferred compensation plan on behalf of the reporting person.