GATX (NYSE: GATX) SVP & CIO granted 3,300 stock options over 3 years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GATX CORP reported that SVP & CIO Niyi Adedoyin received a grant of stock options covering 3,300 shares of common stock at an exercise price of $0.00 per share. These 2026 nonqualified options vest in three roughly equal annual installments starting one year from the February 23, 2026 grant date.
After this award, Adedoyin directly holds 3,902 shares of GATX common stock and has an additional 3,818 units tied to GATX stock through the company’s 401(k) plan. The 401(k) position is in a unitized stock fund whose value can change without actual share transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Adedoyin Niyi
Role
SVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 NQ Stock Option (Right to Buy) | 3,300 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock 401(k) | -- | -- | -- |
Holdings After Transaction:
2026 NQ Stock Option (Right to Buy) — 3,300 shares (Direct);
Common Stock — 3,902 shares (Direct);
Common Stock 401(k) — 3,818 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) disclose about Niyi Adedoyin’s latest equity grant?
GATX disclosed that SVP & CIO Niyi Adedoyin received a grant of 3,300 nonqualified stock options at a $0.00 exercise price. The award is tied to GATX common stock and represents an additional equity-based incentive linked to the company’s future performance.
How do Niyi Adedoyin’s new GATX stock options vest over time?
Adedoyin’s 3,300 GATX stock options vest in three annual installments starting one year from the February 23, 2026 grant date. 33.33% vests after one year, another 33.33% after two years, and the remaining 33.34% after three years, encouraging longer-term retention.
What GATX exposure does Niyi Adedoyin have through the company 401(k) plan?
Adedoyin holds 3,818 units in GATX’s 401(k) unitized stock fund. The plan combines company stock with short-term investments, so participants hold units instead of direct shares, and unit values can change with market performance without any actual share purchases or sales by the participant.
What type of security was granted to Niyi Adedoyin by GATX in this filing?
GATX granted Adedoyin a 2026 nonqualified stock option described as a “Right to Buy” GATX common stock. The option covers 3,300 shares, carries a $0.00 exercise price in the disclosure, and vests in three tranches over three years from the grant date.