GATX CORP·4

Feb 20, 1:41 PM ET

Glassberg Brian L 4

Research Summary

AI-generated summary

Updated

GATX EVP Brian Glassberg Receives Award; Withholds 1,236 Shares

What Happened

  • Brian L. Glassberg, EVP, General Counsel & Secretary of GATX Corp (GATX), received an equity award of 2,790 shares on 2026-02-18 (reported on Form 4 filed 2026-02-20).
  • To satisfy tax withholding related to the award, 1,236 shares were disposed at $192.82 per share for a total withholding value of $238,332. Net of withholding, Glassberg received 1,554 shares.
  • This is an award (compensation) with routine tax-share withholding, not an open-market sale or a purchase.

Key Details

  • Transaction dates: Award and withholding occurred on 2026-02-18; Form 4 filed 2026-02-20 (timely).
  • Award: 2,790 shares granted at $0.00 (code A).
  • Withholding: 1,236 shares disposed at $192.82 each for $238,332 (code F — payment of tax liability).
  • Shares owned after transaction: Not specified in the filing.
  • Filing timeliness: Reported within standard Form 4 timing; not flagged as late.

Context

  • This is typical compensation reporting: the company granted shares and withheld a portion to cover taxes (a common "sell-to-cover" or withholding action). Such transactions are routine and do not by themselves indicate insider sentiment about the stock.