GATX (GATX) CFO Ellman receives 14,300 stock options and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ellman Thomas A. reported acquisition or exercise transactions in this Form 4 filing.
GATX Corporation EVP & CFO Thomas A. Ellman received a grant of stock options covering 14,300 shares on February 23, 2026. These 2026 nonqualified stock options vest in three equal annual installments of 33.33%, 33.33%, and 33.34% starting one year from the grant date.
After this grant, Ellman directly holds 34,319 shares of GATX common stock and 14,300 stock options, plus an additional 10,345 shares indirectly through the company’s 401(k) plan. The 401(k) position is in a unitized stock fund, so reported changes can reflect fund value movements rather than actual share sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ellman Thomas A.
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 NQ Stock Option (Right to Buy) | 14,300 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock 401(k) | -- | -- | -- |
Holdings After Transaction:
2026 NQ Stock Option (Right to Buy) — 14,300 shares (Direct);
Common Stock — 34,319 shares (Direct);
Common Stock 401(k) — 10,345 shares (Indirect, 401(k))
Footnotes (1)
- 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. 33.33% of Stock Option granted may be exercised commencing 1 year from the date of the grant, an additional 33.33% commencing 2 years from the date of the grant and the remaining 33.34% commencing 3 years from the date of the grant.
FAQ
What did GATX (GATX) EVP & CFO Thomas A. Ellman report on this Form 4?
Thomas A. Ellman reported receiving a grant of 14,300 nonqualified stock options. The filing also updates his direct common stock holdings and his indirect position in GATX’s 401(k) stock fund, clarifying current ownership levels without indicating any open-market purchases or sales.
How many GATX (GATX) stock options were granted to Thomas A. Ellman?
Ellman was granted 14,300 nonqualified stock options on February 23, 2026. These options give him the right to buy GATX common shares in the future, subject to a vesting schedule that releases portions of the award over three years from the grant date.
What is the vesting schedule for Thomas A. Ellman’s new GATX stock options?
The 14,300 stock options vest in three tranches over three years. 33.33% become exercisable one year after the grant date, another 33.33% after two years, and the remaining 33.34% after three years, aligning the award with longer-term service at GATX.
How is Thomas A. Ellman’s GATX 401(k) stock position reported in this Form 4?
Ellman’s 401(k) holdings are reported as 10,345 shares of GATX common stock held indirectly. The plan uses a unitized stock fund structure, meaning reported amounts can change due to fund composition and market performance, not necessarily from actual share purchases or sales.