GATX director awarded 70 phantom stock units
Aigotti Diane reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Aigotti Diane reported acquisition or exercise transactions in this Form 4 filing.
GATX CORP director Diane Aigotti reported an equity-based award of 70 shares of phantom stock/RSUs, credited to her account under GATX’s Directors' Phantom Stock Plan and Deferred Fee Plan through their dividend reinvestment feature at a reported value of $177.9125 per unit.
Each phantom stock/RSU represents the right to receive one share of GATX common stock upon settlement, generally after her board service ends. Following this award, she directly holds 19,904 phantom stock/RSUs under these plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 70 shares
Grant/Award
1 txn
Insider
Aigotti Diane
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 70 | $177.9125 | $12K |
Holdings After Transaction:
Common Stock — 19,904 shares (Direct)
Footnotes (2)
- F1. Represents additional shares of phantom stock/RSUs credited to the reporting person's account under the Amended and Restated GATX Directors' Phantom Stock Plan ("Phantom Stock Plan") and the Amended and Restated GATX Corporation Directors' Voluntary Deferred Fee Plan ("Deferred Fee Plan") on the transaction date. Each share of phantom stock/RSU represents the right to receive one share of Issuer's common stock upon settlement. The shares of phantom stock/RSUs are generally payable on a deferred basis in common stock at the election of the reporting person upon the reporting person's termination of service on the Issuer's board of directors.
- F2. Represents 70 shares of phantom stock/RSUs acquired pursuant to the dividend reinvestment feature of the Phantom Stock Plan and the Deferred Fee Plan.
Key Figures
Phantom stock/RSUs acquired: 70 shares
Per-unit value: $177.9125 per phantom stock/RSU
Total phantom stock/RSUs held: 19,904 units
3 metrics
Phantom stock/RSUs acquired
70 shares
Dividend reinvestment under GATX director plans on transaction date
Per-unit value
$177.9125 per phantom stock/RSU
Reported value for the 70 phantom stock/RSUs acquired
Total phantom stock/RSUs held
19,904 units
Direct holdings by Diane Aigotti after the reported transaction
Key Terms
phantom stock, RSUs, dividend reinvestment feature, deferred basis, +1 more
5 terms
phantom stock financial
"Represents additional shares of phantom stock/RSUs credited to the reporting person's account"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
RSUs financial
"Each share of phantom stock/RSU represents the right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
dividend reinvestment feature financial
"acquired pursuant to the dividend reinvestment feature of the Phantom Stock Plan"
deferred basis financial
"shares of phantom stock/RSUs are generally payable on a deferred basis in common stock"
Voluntary Deferred Fee Plan financial
"Directors' Voluntary Deferred Fee Plan ("Deferred Fee Plan") on the transaction date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GATX (GATX) director Diane Aigotti acquire in this Form 4 filing?
Diane Aigotti acquired 70 shares of phantom stock/RSUs credited under GATX’s Directors' Phantom Stock and Deferred Fee Plans. These units were added via the plans’ dividend reinvestment feature and each represents a right to receive one share of GATX common stock upon settlement.
What is the value per phantom stock/RSU reported for GATX (GATX) director Diane Aigotti?
The filing reports a value of $177.9125 per phantom stock/RSU for the 70 units credited. This figure reflects the per-unit value used for the dividend reinvestment under GATX’s Directors' Phantom Stock Plan and Voluntary Deferred Fee Plan on the transaction date.
How many phantom stock/RSUs does GATX (GATX) director Diane Aigotti now hold?
After this transaction, Diane Aigotti directly holds 19,904 phantom stock/RSUs in total under GATX’s director compensation plans. Each unit represents the right to receive one share of GATX common stock upon settlement, generally after her board service ends.
How were the additional 70 phantom stock/RSUs for GATX (GATX) director Diane Aigotti obtained?
The additional 70 phantom stock/RSUs were acquired through the dividend reinvestment feature of GATX’s Directors' Phantom Stock Plan and Deferred Fee Plan. Dividends credited under these plans are reinvested into additional phantom stock/RSU units for the director.
When will GATX (GATX) director Diane Aigotti receive common stock for these phantom stock/RSUs?
The phantom stock/RSUs are generally payable on a deferred basis upon her termination of service on GATX’s board. At settlement, each phantom stock/RSU converts into one share of GATX common stock, according to the plan terms described.
Was the GATX (GATX) director’s phantom stock transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, so this award was not reported as made under a pre-arranged Rule 10b5-1 trading plan. It reflects routine director compensation via dividend reinvestment features in GATX’s board plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.
