GATX (NYSE: GATX) tax chief exercises options and sells 2,595 shares
Rhea-AI Filing Summary
GATX CORP senior vice president and chief tax officer Jeffery R. Young reported multiple stock option exercises and a share sale. On February 20, 2026, he exercised nonqualified stock options granted in 2023, 2024, and 2025, converting them into shares of common stock at stated exercise prices.
He then sold 2,595 shares of GATX common stock in an open-market transaction at a weighted average price of $196.2905 per share, within a disclosed range of $195.9964 to $196.6788, and held 7,700 common shares directly afterward. He also reported indirect holdings in a unitized 401(k) stock fund totaling 275 units, with footnote disclosure that changes in unit value can occur without actual share dispositions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Young Jeffery R.
Role
SVP, Chief Tax Officer
Sold
2,595 shs ($509K)
Approx. gross sale proceeds
$509K
Approx. exercise cost
$388K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 NQ Stock Option (Right to Buy) | 1,200 | $0.00 | $0.00 |
| Exercise | 2024 NQ Stock Option (Right to Buy) | 900 | $0.00 | $0.00 |
| Exercise | 2025 NQ Stock Option (Right to Buy) | 833 | $0.00 | $0.00 |
| Exercise | Common Stock | 900 | $126.468 | $114K |
| Exercise | Common Stock | 833 | $166.193 | $138K |
| Exercise | Common Stock | 1,200 | $113.28 | $136K |
| Sale | Common Stock | 2,595 | $196.2905 | $509K |
| holding | Common Stock 401(k) | -- | -- | -- |
Holdings After Transaction:
2023 NQ Stock Option (Right to Buy) — 0 shares (Direct);
2024 NQ Stock Option (Right to Buy) — 900 shares (Direct);
2025 NQ Stock Option (Right to Buy) — 1,667 shares (Direct);
Common Stock — 7,700 shares (Direct);
Common Stock 401(k) — 275 shares (Indirect, 401(k))
Footnotes (2)
- F1. Represents the weighted average sale price. The highest price at which shares were sold was $196.6788 and the lowest price at which shares were sold was $195.9964. Information regarding the number of shares sold at each separate price will be made available from the reporting person upon request by the SEC, the issuer or its shareholders.
- F2. GATX Corporation's 401(k) plan is a unitized stock fund made up of company stock plus short term investments. Because the fund includes more than company stock, participants hold units of the fund rather than company shares of stock. The number of units held by a participant may vary depending on the performance of the company stock, the overall stock market, and the amount of short term investments in the fund. Such a variance has caused the value of the units in the reporting person's 401(k) fund to be reduced without any actual disposition of shares.
FAQ
What insider transactions did GATX (GATX) executive Jeffery R. Young report?
Jeffery R. Young reported exercising several nonqualified stock options and selling GATX common stock. On February 20, 2026, he converted option awards from 2023, 2024, and 2025 into shares and then sold 2,595 shares in an open-market transaction at a weighted average price of $196.2905.
What do the option exercises in the GATX (GATX) Form 4 represent?
The Form 4 shows exercises of nonqualified stock options granted in 2023, 2024, and 2025. These “M” code transactions reflect derivative exercises, where option rights were converted into GATX common stock at specified exercise prices, rather than new open-market purchases of shares.
How is the GATX (GATX) 401(k) stock holding described for the insider?
The 401(k) position is a unitized stock fund containing GATX shares plus short-term investments. The filing explains that participants hold fund units, not direct shares, and unit values may change with market movements and cash components, without any actual disposition of GATX stock by the insider.
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