GATX (NYSE: GATX) director receives 731 RSUs as annual equity retainer grant
Rhea-AI Filing Summary
WETHERBEE ROBERT S reported acquisition or exercise transactions in this Form 4 filing.
GATX CORP director Robert S. Wetherbee received an equity award of 731 restricted stock units (RSUs) of common stock. The award is described as his annual equity retainer and was granted at no cash cost per share. After this grant, he holds 1,400 shares directly.
The RSUs will vest in full on the date of the first annual shareholder meeting at which directors are elected following the grant date, as long as he continues to serve through that date. Wetherbee has elected to defer receipt of the common shares issuable upon settlement of these RSUs under the company’s Directors' Voluntary Deferred Fee Plan.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant with deferred settlement, limited signaling value.
This Form 4 shows Robert S. Wetherbee, a director of GATX CORP, receiving 731 RSUs as his annual equity retainer, with no cash paid per share. This is standard board compensation rather than an open‑market transaction.
The RSUs vest at the first shareholder meeting where directors are elected after the grant, tying value to continued board service. Wetherbee elected to defer settlement under the Directors' Voluntary Deferred Fee Plan, which affects timing of share delivery but not the grant size.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 731 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the Reporting Person's annual equity retainer, which is issued as restricted stock units ("RSUs") that will be settled in shares of the Issuer's common stock. Each RSU represents the right to receive one share of common stock. The RSUs will vest in full on the date of the first annual meeting of shareholders of the Company at which directors are elected following the Grant Date, subject to the Reporting Person's continued service through such date. The Reporting Person elected to defer receipt of the shares of common stock issuable upon settlement of the RSUs under the Amended and Restated GATX Corporation Directors' Voluntary Deferred Fee Plan.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
annual equity retainer financial
Amended and Restated GATX Corporation Directors' Voluntary Deferred Fee Plan financial
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