GATX (GATX) SVP Kevin Hillesland receives 2,300 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GATX CORP senior vice president Kevin Hillesland reported an equity award in the form of a nonqualified stock option. He received options covering 2,300 shares of common stock at an exercise price of $0.00 per share, classified as a grant or award acquisition.
According to the vesting terms, 33.33% of the option becomes exercisable one year from the grant date, another 33.33% after two years, and the remaining 33.34% after three years. Following this grant, Hillesland directly holds 2,300 option units and 7,233 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hillesland Kevin
Role
SVP, Structured Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 NQ Stock Option (Right to Buy) | 2,300 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 NQ Stock Option (Right to Buy) — 2,300 shares (Direct);
Common Stock — 7,233 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GATX (GATX) report for Kevin Hillesland?
GATX reported a grant of 2,300 nonqualified stock options to senior vice president Kevin Hillesland. The award is recorded as an acquisition, reflecting equity-based compensation rather than an open-market stock purchase or sale.
How many GATX (GATX) stock options were granted to Kevin Hillesland?
Kevin Hillesland received 2,300 nonqualified stock options tied to GATX common stock. These options represent a right to buy shares in the future, subject to vesting conditions spread over three years from the grant date.
What is the vesting schedule for Kevin Hillesland’s GATX (GATX) stock options?
The 2,300 stock options vest in three installments: 33.33% after one year, another 33.33% after two years, and the final 33.34% after three years. Vesting determines when the options first become exercisable by the executive.
What is Kevin Hillesland’s GATX (GATX) common stock ownership after this filing?
After the reported transactions, Kevin Hillesland directly holds 7,233 shares of GATX common stock. The filing also shows 2,300 option units, which are separate derivative securities that may be exercised for common shares once vested and exercised.
Does the GATX (GATX) Form 4 show a stock sale by Kevin Hillesland?
The Form 4 does not report any stock sales by Kevin Hillesland. It records an acquisition of 2,300 nonqualified stock options as compensation and lists his resulting direct ownership of 7,233 GATX common shares after the grant.