GREENBRIER COMPANIES INC 4
4 · GREENBRIER COMPANIES INC · Filed Oct 30, 2015
Insider Transaction Report
Form 4
Glenn William
Vice President
Transactions
- Tax Payment
Common stock - GBX
2015-10-29$35.79/sh−5,470$195,771→ 19,301 total - Exercise/Conversion
Common stock - GBX
2015-10-29+15,052→ 24,771 total - Exercise/Conversion
Restricted Stock Units
2015-10-29−7,619→ 21,767 total→ Common Stock (7,619 underlying)
Footnotes (4)
- [F1]On May 28, 2013, the Reporting Person was awarded 7,619 performance-based restricted stock units ("RSUs"), including 3,810 RSUs subject to vesting based on the Issuer's achievement of adjusted EBITDA performance objectives and 3,809 RSUs subject to vesting based on the issuer's achievement of ROIC performance objectives. The issuer achieved performance at stretch levels against the adjusted EBITDA performance objective and achieved performance between target and stretch levels against the ROIC performance objectives, resulting in vesting of 200% and 195.1% of the adjusted EBITDA and ROIC RSUs, respectively. Accordingly, a total of 15,052 performance-based RSUs vested as of the determination date, October 29, 2015, and 15,052 shares of the Company's common stock were issued to the Reporting Person.
- [F2]Pursuant to the terms of the Restricted Stock Unit Award Agreement dated May 28, 2013, common shares otherwise issuable to the Reporting Person upon vesting of the award were surrendered to the Company to settle the statutory withholding tax obligation incurred upon vesting of the award.
- [F3]Each RSU represents a contingent right to receive one share of GBX common stock.
- [F4]Pursuant to the terms of the Restricted Stock Unit Award Agreement dated May 28, 2013, 7,619 RSUs vested on October 29, 2015.