REAM JAMES B 4

What Happened
James B. Ream, a director of GATX Corp (GATX), was credited with 169 phantom stock/RSU shares on 2026-05-01. The award is reported at $194.92 per share for a total value of $32,941. This was an award/credit (transaction code A) under GATX’s directors’ Phantom Stock Plan and Deferred Fee Plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-01; Report filed: 2026-05-05 (appears to be filed after the typical 2-business-day window).
• Instrument/price: 169 phantom stock/RSU shares at $194.92 each; total reported value $32,941.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — these are phantom stock/RSUs that represent the right to receive one share of common stock upon settlement and are generally payable on a deferred basis when the director leaves the board. F2 — the 169 shares were acquired pursuant to the dividend reinvestment feature of the plans.
• Transaction type: Award/credit (routine director compensation), not a purchase signaling immediate personal investment.

Context
Phantom stock/RSUs are deferred compensation that convert to actual shares (or cash/share equivalent) per plan rules, so this credit does not mean immediate ownership of tradable common stock. Such director awards are common and typically reflect compensation or reinvested dividends rather than directional trading by insiders.