GATX CORP SVP sells 2,500 shares after option exercise
GATX’s senior operations executive exercised options for 2,500 shares and sold those shares the same day, retaining 6,472 shares indirectly via a trust.
Rhea-AI Filing Summary
GATX CORP (GATX) reported that senior vice president, operations Geoffrey Phillips exercised a 2020 nonqualified stock option for 2,500 shares of common stock at an exercise price of $77.07 per share on September 11, 2026. He then sold the same 2,500 shares in open-market transactions at prices around $177–$180 per share. After these transactions, he reports 6,472 shares of GATX common stock held indirectly through the Geoffrey D Phillips Living Trust. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 2,500 shares ($251K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Phillips Geoffrey
Role
Sr. VP, Operations
Sold
2,500 shs ($444K)
Approx. gross sale proceeds
$444K
Approx. exercise cost
$193K
Approx. pre-tax spread
$251K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2020 NQ Stock Option (Right to Buy) | 2,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,500 | $77.07 | $193K |
| Sale | Common Stock F1 | 1,700 | $177.1219 | $301K |
| Sale | Common Stock | 500 | $178.065 | $89K |
| Sale | Common Stock F2 | 300 | $179.5067 | $54K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2020 NQ Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 1 shares (Direct);
Common Stock — 6,472 shares (Indirect, By Geoffrey D Phillips Living Trust U/A DTD 06/18/2021)
Footnotes (2)
- F1. Represents the weighted average sale price. The highest price at which shares were sold was $177.1900 and the lowest price at which shares were sold was $176.9450. 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.
- F2. Represents the weighted average sale price. The highest price at which shares were sold was $179.5400 and the lowest price at which shares were sold was $179.4900. 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.
Key Figures
Options exercised: 2,500 shares
Option exercise price: $77.07 per share
Shares sold (weighted avg price block 1): 1,700 shares at $177.1219 per share
+4 more
7 metrics
Options exercised
2,500 shares
2020 nonqualified stock option exercised on September 11, 2026
Option exercise price
$77.07 per share
Exercise price of 2020 NQ stock option for 2,500 shares
Shares sold (weighted avg price block 1)
1,700 shares at $177.1219 per share
Open-market sale with weighted average price, September 11, 2026
Shares sold (single-price block)
500 shares at $178.0650 per share
Open-market sale on September 11, 2026
Shares sold (weighted avg price block 2)
300 shares at $179.5067 per share
Open-market sale with weighted average price, September 11, 2026
Indirect holdings after transactions
6,472 shares
Common stock held via Geoffrey D Phillips Living Trust
Option expiration date
January 31, 2027
Expiration of 2020 nonqualified stock option
Key Terms
weighted average sale price, nonqualified stock option, indirect ownership, Living Trust
4 terms
weighted average sale price financial
"Represents the weighted average sale price. The highest price at which"
nonqualified stock option financial
"2020 nonqualified stock option covering 2,500 shares at $77.07"
A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.
indirect ownership financial
"shares held indirectly through the Geoffrey D Phillips Living Trust"
Living Trust financial
"By Geoffrey D Phillips Living Trust U/A DTD 06/18/2021"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GATX (GATX) executive Geoffrey Phillips do in this Form 4 filing?
He exercised options for 2,500 GATX shares at $77.07 per share on September 11, 2026, then sold 2,500 shares of common stock in open-market transactions the same day, and now reports 6,472 shares held indirectly through a living trust.
What stock option did Geoffrey Phillips exercise in the GATX (GATX) Form 4?
He exercised a 2020 nonqualified stock option covering 2,500 shares of GATX common stock at an exercise price of $77.07 per share. The option has an expiration date of January 31, 2027.
Were Geoffrey Phillips’ GATX (GATX) trades made under a Rule 10b5-1 plan?
The filing indicates no Rule 10b5-1 trading plan; the document-level checkbox for such a plan is not marked as true.
What role does Geoffrey Phillips hold at GATX (GATX)?
Geoffrey Phillips is identified as Senior Vice President, Operations of GATX CORP in this Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
