Greenbrier Companies (NYSE: GBX) director receives 17 RSUs dividend grant

Rhea-AI Filing Summary

Greenbrier Companies director Thomas B. Fargo reported an automatic grant of additional time-based restricted stock units (RSUs) linked to GBX common stock. On 12/03/2025, he acquired 17 RSUs at a price of $0.0, bringing his total derivative securities beneficially owned to 2,528 RSUs held directly. The new RSUs were issued pursuant to dividend equivalent rights and will vest on the earlier of the first anniversary of the grant date of the underlying RSUs or the date of the next annual shareholder meeting. Each RSU represents a contingent right to receive one share of GBX common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FARGO THOMAS B

(Last) (First) (Middle)

C/O THE GREENBRIER COMPANIES, INC.

ONE CENTERPOINTE DRIVE, SUITE 200

(Street)

LAKE OSWEGO OR 97035

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GREENBRIER COMPANIES INC [ GBX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0.0	12/03/2025		A		17		(1)	(1)	Common Stock	17	$0.0	2,528	D

Explanation of Responses:

1. The reported transaction represents the automatic grant of additional time-based Restricted Stock Units, pursuant to dividend equivalent rights, that will vest on the earlier of the first anniversary of the grant date of the underlying Restricted Stock Units or the date of the next annual shareholder meeting. Each restricted stock unit represents a contingent right to receive one share of GBX common stock.

	By: Kim Moore, Attorney-In-Fact For: Thomas B. Fargo	12/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did GREENBRIER COMPANIES INC (GBX) report for 12/03/2025?

The company reported that director Thomas B. Fargo received an automatic grant of 17 restricted stock units (RSUs) on 12/03/2025, linked to GBX common stock.

How many restricted stock units does the GBX director own after this Form 4 transaction?

Following the reported transaction, Thomas B. Fargo beneficially owns 2,528 derivative securities in the form of restricted stock units, held directly.

What are the vesting terms of the new Greenbrier (GBX) restricted stock units?

The additional RSUs will vest on the earlier of the first anniversary of the grant date of the underlying RSUs or the date of the next annual shareholder meeting.

What does each Greenbrier (GBX) restricted stock unit represent for the director?

Each restricted stock unit reported on this Form 4 represents a contingent right to receive one share of GBX common stock.

Why did the Greenbrier (GBX) director receive 17 additional RSUs?

The 17 additional RSUs were granted automatically as time-based restricted stock units pursuant to dividend equivalent rights on the underlying RSUs.

Did the Greenbrier (GBX) director pay any cash for the newly granted RSUs?

No cash was paid; the Form 4 shows an exercise price of $0.0 for the 17 additional restricted stock units.