Research Summary
AI-generated summary of this SEC filing
GATX Director Paul G. Yovovich Receives 130-Share Award
What Happened Paul G. Yovovich, a director of GATX Corp. (GATX), was credited with 130 shares of phantom stock/RSUs on 2026-08-03. The reported per-share value was $177.91, for a total reported value of $23,129. The transaction is coded as an award/grant (A) and reflects plan credits rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-08-03 at $177.91 per share (total $23,129).
- Filing date: Form 4 filed 2026-08-05 — two days after the transaction (within the SEC’s two-business-day reporting window).
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: These are additional phantom stock/RSUs credited under the Amended and Restated GATX Directors' Phantom Stock Plan and the Deferred Fee Plan; each RSU represents the right to one common share upon settlement.
- F2: The 130 shares were acquired via the dividend reinvestment feature of those plans.
- Transaction code meaning: "A" = award/grant of phantom stock/RSUs (not a market purchase).
Context Phantom stock/RSUs are deferred compensation that typically settle in common stock (or equivalent) at a later date, often when the director leaves the board or at a pre-set settlement date. The dividend reinvestment feature increased the RSU balance; this credit does not represent an immediate acquisition of tradable shares in the market. Such awards are routine director compensation and are informational rather than a direct market endorsement or sale.