GATX CORP (GATX) director granted 142 phantom stock units
Rhea-AI Filing Summary
Holmes John McClain III reported acquisition or exercise transactions in this Form 4 filing.
GATX CORP director John McClain Holmes III received an award of 142 phantom stock/RSUs on August 3, 2026 under the company’s director compensation and deferred fee plans. Each unit represents one share of common stock, generally payable in stock on a deferred basis after his board service ends. Following this grant, he directly holds 4,464 units.
Positive
- None.
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- None.
Insider Trade Summary
Net Buyer: 142 shares
Net Buy
1 txn
Insider
Holmes John McClain III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 142 | $177.9125 | $25K |
Holdings After Transaction:
Common Stock — 4,464 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 (a) 16 shares of phantom stock/RSUs acquired pursuant to the dividend reinvestment feature of the Phantom Stock Plan and Deferred Fee Plan, and (b) 126 RSUs acquired under the Deferred Fee Plan resulting from the reporting person's election to defer the annual cash retainer and other cash fees payable to the reporting person in the form of RSUs under the Deferred Fee Plan.
Key Figures
Phantom stock/RSUs awarded: 142 shares
Award price per unit: $177.9125 per share
Holdings after transaction: 4,464 shares
+2 more
5 metrics
Phantom stock/RSUs awarded
142 shares
Grant/award acquisition on 2026-08-03
Award price per unit
$177.9125 per share
Price per phantom stock/RSU on 2026-08-03
Holdings after transaction
4,464 shares
Direct phantom stock/RSU units following the award
Units from dividend reinvestment
16 shares
Phantom stock/RSUs acquired via dividend reinvestment feature
Units from deferred fees
126 shares
RSUs from election to defer annual cash retainer and other fees
Key Terms
phantom stock, RSUs, dividend reinvestment, Deferred Fee Plan, +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 of Issuer's common stock"
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 financial
"16 shares of phantom stock/RSUs acquired pursuant to the dividend reinvestment feature"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Deferred Fee Plan financial
"under the Amended and Restated GATX Corporation Directors' Voluntary Deferred Fee Plan"
annual cash retainer financial
"RSUs acquired under the Deferred Fee Plan resulting from the election to defer the annual cash retainer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GATX (GATX) report for director John McClain Holmes III?
GATX reported that director John McClain Holmes III received 142 phantom stock/RSUs on August 3, 2026. These units were credited under director compensation and deferred fee plans and are generally settled in common stock on a deferred basis after his board service ends.
How many GATX (GATX) units does the director hold after this Form 4 award?
After the reported award, John McClain Holmes III directly holds 4,464 phantom stock/RSU units. These units each represent the right to receive one share of GATX common stock upon settlement, typically after his service on the board concludes.
What plans were involved in the 142-unit award reported by GATX (GATX)?
The 142 units came from the GATX Directors' Phantom Stock Plan and the Directors' Voluntary Deferred Fee Plan. The filing explains that credits reflect both dividend reinvestment and the director’s election to receive fees in RSUs instead of cash.
How was the 142-unit award for GATX (GATX) director Holmes composed?
The award consisted of 16 units from the dividend reinvestment feature of the director plans and 126 RSUs from deferring the annual cash retainer and other director fees into RSUs, as described in the footnotes to the transaction.
Are the 142 GATX (GATX) phantom stock/RSUs immediately payable in cash or stock?
No, the 142 phantom stock/RSUs are generally payable on a deferred basis in common stock. Settlement occurs at the director’s election upon termination of his service on GATX’s board, according to the description of the plans.