GATX insider gifts 6,472 shares to family trust
GATX’s senior vice president of operations shifted 6,472 shares into a family trust as a gift, retaining beneficial ownership but changing the form of his holdings.
Rhea-AI Filing Summary
GATX CORP (GATX) reported that senior vice president of operations Geoffrey Phillips transferred 6,472 shares of common stock on September 3, 2026 as a bona fide gift to the Geoffrey D Phillips Living Trust U/A DTD 06/18/2021 for no consideration. After the transfer, he holds 1 share directly and remains the beneficial owner of the 6,472 shares held indirectly through the trust, where he is trustee and his immediate family are the sole beneficiaries. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,472 shares gifted
Gift
2 txns
Insider
Phillips Geoffrey
Role
Sr. VP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 6,472 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1 shares (Direct);
Common Stock — 6,472 shares (Indirect, By Geoffrey D Phillips Living Trust U/A DTD 06/18/2021)
Footnotes (1)
- F1. On September 3, 2026, the reporting person transferred 6,472 shares of GATX common stock to the Geoffrey D Phillips Living Trust U/A DTD 06/18/2021 for no consideration. The reporting person is the trustee of the trust, and members of his immediate family are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the securities held by the trust.
Key Figures
Shares gifted: 6,472 shares
Direct holdings after transaction: 1 share
Indirect holdings after transaction: 6,472 shares
+2 more
5 metrics
Shares gifted
6,472 shares
Bona fide gift transfer on September 3, 2026 to a family trust
Direct holdings after transaction
1 share
Common stock held directly by Geoffrey Phillips following the gift
Indirect holdings after transaction
6,472 shares
Common stock held indirectly via Geoffrey D Phillips Living Trust
Transaction price per share
$0.00
Gift transfer reported for no consideration
Transaction date
September 3, 2026
Date of bona fide gift transfer to the living trust
Key Terms
bona fide gift, beneficial owner, indirect ownership, Living Trust U/A
4 terms
bona fide gift regulatory
"transaction code description states the transfer was a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial owner regulatory
"footnote explains the reporting person remains the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
indirect ownership financial
"shares are held by the Geoffrey D Phillips Living Trust as indirect ownership"
Living Trust U/A technical
"ownership noted as Geoffrey D Phillips Living Trust U/A DTD 06/18/2021"
FAQ
What insider transaction did GATX (GATX) report for Geoffrey Phillips on September 3, 2026?
GATX reported that Geoffrey Phillips made a bona fide gift transfer of 6,472 shares of GATX common stock on September 3, 2026 to the Geoffrey D Phillips Living Trust for no consideration.
What are Geoffrey Phillips’ GATX (GATX) holdings after this Form 4 transaction?
After the transaction, Geoffrey Phillips holds 1 share directly and remains the beneficial owner of 6,472 shares held indirectly by the Geoffrey D Phillips Living Trust, where he serves as trustee.
Was the GATX (GATX) insider gift under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no Rule 10b5-1 trading plan is reported for this gift transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
