Holmes John McClain III 4
Research Summary
AI-generated summary
GATX Director John McClain III Receives 136 RSUs
What Happened
- John McClain III, a director of GATX Corp (GATX), was credited with 136 restricted stock units (RSUs) on 2026-02-02 (transaction code A). The RSUs were recorded at $180.66 per share, a total value of $24,570. This is an award/deferral of compensation, not an open-market buy or sale.
Key Details
- Transaction date and price: 2026-02-02 at $180.66 per RSU (total value $24,570).
- Transaction type: Award/Grant (code A) of RSUs under the Amended & Restated GATX Directors' Voluntary Deferred Fee Plan.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: (1) RSUs represent the right to one share upon settlement and are generally payable in common stock on a deferred basis when the director leaves the board. (2) The 136 RSUs consist of 12 RSUs from dividend reinvestment and 124 RSUs from the director’s election to defer cash retainer/fees into RSUs.
- Filing timeliness: Report filed 2026-02-04 for a 2026-02-02 transaction (filed within the typical Form 4 deadline).
Context
- These RSUs reflect routine director compensation and deferral elections, not a market purchase or sale; they indicate compensation converted into equity units rather than a directional bet by the director. Upon settlement (usually when service ends or per the plan election), each RSU converts into one share of GATX common stock.