GATX (GATX) director Wetherbee defers board fees into 115 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GATX CORP director Robert S. Wetherbee reported an acquisition of 115 restricted stock units (RSUs) tied to the company’s common stock. The RSUs were credited on the director’s account at a reference value of $194.9175 per unit, bringing his directly held common stock-related position to 1,515 shares-equivalent following the transaction. According to the company’s Amended and Restated Directors' Voluntary Deferred Fee Plan, these RSUs were received in lieu of the annual cash retainer and other cash fees, and will generally be settled in common stock on a deferred basis after his service on the board ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WETHERBEE ROBERT S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 115 | $194.9175 | $22K |
Holdings After Transaction:
Common Stock — 1,515 shares (Direct, null)
Footnotes (1)
- Represents additional RSUs credited to the reporting person's account under the Amended and Restated GATX Corporation Directors' Voluntary Deferred Fee Plan ("Deferred Fee Plan") credited on the transaction date. Each RSU represents the right to receive one share of Issuer's common stock upon settlement. The 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. Represents 115 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
RSUs acquired: 115 RSUs
Reference value per RSU: $194.9175 per unit
Holdings after transaction: 1,515 shares-equivalent
3 metrics
RSUs acquired
115 RSUs
Credited on May 1, 2026 under Deferred Fee Plan
Reference value per RSU
$194.9175 per unit
Value used for the 115 RSUs credited
Holdings after transaction
1,515 shares-equivalent
Total common stock-related position following RSU credit
Key Terms
Restricted Stock Units (RSUs), Directors' Voluntary Deferred Fee Plan, annual cash retainer
3 terms
Restricted Stock Units (RSUs) financial
"Represents additional RSUs credited to the reporting person's account under the Amended and Restated GATX Corporation Directors' Voluntary Deferred Fee Plan"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Directors' Voluntary Deferred Fee Plan financial
"under the Amended and Restated GATX Corporation Directors' Voluntary Deferred Fee Plan ("Deferred Fee Plan")"
annual cash retainer financial
"resulting from the reporting person's election to defer the annual cash retainer and other cash fees payable"
FAQ
What did GATX (GATX) director Robert S. Wetherbee report in this Form 4?
Robert S. Wetherbee reported acquiring 115 restricted stock units (RSUs) linked to GATX common stock. These RSUs were credited under the company’s Directors' Voluntary Deferred Fee Plan as part of his board compensation, increasing his directly held common stock-related position to 1,515 shares-equivalent.
How were the 115 RSUs for GATX (GATX) director Wetherbee determined?
The 115 RSUs were acquired under GATX’s Deferred Fee Plan from Wetherbee’s election to defer his annual cash retainer and other cash fees into RSUs. Each RSU represents the right to receive one share of GATX common stock upon future settlement after board service ends.
What is the value reference per RSU in GATX (GATX) director Wetherbee’s Form 4?
Each RSU in the reported transaction used a reference value of $194.9175 per unit. This price reflects the value at which 115 restricted stock units were credited on May 1, 2026, as part of GATX’s Amended and Restated Directors' Voluntary Deferred Fee Plan.
When will GATX (GATX) director Wetherbee’s RSUs be settled into common stock?
The RSUs are generally payable on a deferred basis in GATX common stock when Wetherbee’s service on the board ends. Settlement timing follows his prior election under the Directors' Voluntary Deferred Fee Plan and occurs upon termination of his service as a GATX director.
Does GATX (GATX) director Wetherbee’s Form 4 involve any stock sales?
No, the Form 4 reports only an acquisition of 115 restricted stock units and no sales. The transaction reflects compensation in the form of RSUs under GATX’s Directors' Voluntary Deferred Fee Plan, with shares to be delivered later rather than an open-market purchase or sale.