GATX CORP (GATX) director awarded 130 phantom stock and RSU units
Rhea-AI Filing Summary
WETHERBEE ROBERT S reported acquisition or exercise transactions in this Form 4 filing.
GATX CORP director Robert S. Wetherbee reported a grant of 130 shares of phantom stock/RSUs on 2026-08-03 at $177.9125 per share. The units, credited under GATX’s director phantom stock and deferred fee plans, represent rights to receive common shares and increased his direct balance to 1,645 share-equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 130 shares
Net Buy
1 txn
Insider
WETHERBEE ROBERT S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 130 | $177.9125 | $23K |
Holdings After Transaction:
Common Stock — 1,645 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) 3 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 granted: 130 shares
Grant value per unit: $177.9125 per share
Holdings after transaction: 1,645 shares
+2 more
5 metrics
Phantom stock/RSUs granted
130 shares
Non-derivative award to director on 2026-08-03
Grant value per unit
$177.9125 per share
Value used for the 130 phantom stock/RSUs credited
Holdings after transaction
1,645 shares
Total direct share-equivalents reported following the award
Dividend reinvestment units
3 shares
Phantom stock/RSUs from dividend reinvestment feature
Deferred fee RSUs
126 shares
RSUs from deferral of annual cash retainer and other fees
Key Terms
phantom stock, RSUs, dividend reinvestment feature, Voluntary Deferred Fee Plan
4 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"
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 feature financial
"3 shares of phantom stock/RSUs acquired pursuant to the dividend reinvestment feature"
Voluntary Deferred Fee Plan financial
"Directors' Voluntary Deferred Fee Plan ("Deferred Fee Plan") on the transaction date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did GATX (GATX) director Robert S. Wetherbee report in this Form 4?
Robert S. Wetherbee reported acquiring 130 shares of phantom stock/RSUs on 2026-08-03. These units were granted under GATX’s director phantom stock and deferred fee plans and are settled in common stock, increasing his reported direct holdings to 1,645 share-equivalents.
How were the 130 phantom stock/RSUs for GATX (GATX) director Wetherbee generated?
The 130 phantom stock/RSUs include 3 units from the dividend reinvestment feature of the director plans and 126 RSUs from deferring cash retainers and other board fees into stock units under the Voluntary Deferred Fee Plan.
At what price were GATX (GATX) phantom stock/RSUs credited to director Wetherbee?
The 130 phantom stock/RSUs were credited at $177.9125 per share. This per-share value applies to the units recorded on 2026-08-03 under the Amended and Restated GATX Directors’ Phantom Stock Plan and Directors’ Voluntary Deferred Fee Plan.
When will GATX (GATX) director Wetherbee’s phantom stock/RSUs be paid out?
Each phantom stock/RSU represents the right to receive one share of GATX common stock. The units are generally payable in stock on a deferred basis at Wetherbee’s election upon his termination of service from the GATX board of directors.
Are GATX (GATX) director Wetherbee’s reported units part of a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is marked negative, indicating the transaction was not reported as executed under a pre-arranged 10b5-1 trading plan. The acquisition reflects compensation-related phantom stock and RSU credits.