GATX (GATX) EVP Glassberg exercises options, then sells 2,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GATX CORP executive Brian L. Glassberg, EVP, General Counsel & Secretary, reported multiple stock transactions. He exercised a 2020 non-qualified stock option for 2,000 shares, receiving common stock at an exercise price of $77.07 per share. On the same date, he then sold 1,126 shares of common stock at a weighted average price of $198.0449 per share and a further 874 shares at a weighted average price of $198.6101 per share in open-market transactions. After these transactions, he directly owned 7,041 shares of GATX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($396,584)
Net Sell
4 txns
Insider
Glassberg Brian L
Role
EVP, General Counsel & Secy.
Sold
2,000 shs ($397K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2020 NQ Stock Option (Right to Buy) | 2,000 | $0.00 | -- |
| Exercise | Common Stock | 2,000 | $77.07 | $154K |
| Sale | Common Stock | 1,126 | $198.0449 | $223K |
| Sale | Common Stock | 874 | $198.6101 | $174K |
Holdings After Transaction:
2020 NQ Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 9,041 shares (Direct)
Footnotes (1)
- Represents the weighted average sale price. The highest price at which shares were sold was $198.2250 and the lowest price at which shares were sold was $197.2700. Information regarding the number of shares sold at each separate price will be made available from the reporting person upon request by the SEC, the issuer or its shareholders. Represents the weighted average sale price. The highest price at which shares were sold was $198.9012 and the lowest price at which shares were sold was $198.2825. Information regarding the number of shares sold at each separate price will be made available from the reporting person upon request by the SEC, the issuer or its shareholders.
FAQ
What did GATX (GATX) executive Brian Glassberg report on this Form 4?
Brian L. Glassberg reported exercising options into 2,000 GATX shares and then selling 2,000 shares of common stock in open-market trades. These transactions adjusted his direct holdings but represent a routine insider equity transaction disclosure.
What options did Brian Glassberg exercise in GATX (GATX) stock?
He exercised a 2020 non-qualified stock option covering 2,000 shares of GATX common stock at an exercise price of $77.07 per share. This option exercise converted the derivative security into directly held common shares.
What do the weighted average prices mean in Brian Glassberg’s GATX (GATX) trades?
The reported weighted average prices aggregate multiple trades executed at different prices into single average figures. Footnotes explain that highest and lowest sale prices are disclosed, and detailed per-trade share counts can be obtained on request.