GATX SVP John Sbragia Exercises Options, Sells Shares

What Happened

• John Sbragia, Senior Vice President, Engineering and Quality at GATX, exercised options for 1,900 shares on Aug 14, 2026 (exercise price $77.07 per share, total $146,433) and sold those 1,900 shares in an open-market transaction the same day for a weighted average price of $180.40 per share (gross proceeds ~$342,759). A separate entry shows 47 shares disposed on Aug 15, 2026 to cover tax withholding (47 shares x $179.63 = $8,442). The filing also lists a derivative conversion entry (1,900 shares, $0) reflecting the options-to-stock conversion.

Key Details

• Transaction dates: Aug 14, 2026 (exercise and sale) and Aug 15, 2026 (tax withholding).
• Exercise: 1,900 shares @ $77.07 = $146,433 (cash paid on exercise).
• Sale: 1,900 shares @ weighted avg $180.40 = $342,759 (F2 notes high/low sale prices $180.68 / $180.07).
• Tax withholding: 47 shares surrendered @ $179.63 = $8,442 (code F).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 notes 2 shares were acquired via dividend reinvestment; F2 explains the reported sale price is a weighted average and per-price breakdown is available on request.
• Filing date: Aug 18, 2026, covering transactions Aug 14–15; the Form 4 does not indicate a late-filing status.

Context

• This is a common "exercise-and-sell" (cashless exercise) pattern: options were exercised and the shares were promptly sold in the open market, so the net effect is realization of option value rather than a long-term stock purchase. Such sales are often routine to cover exercise costs and taxes; they are factual disclosures and do not by themselves indicate the insider's future view of the company.