Greenbrier SVP Glenn receives 10,267-unit stock grant

The SVP & President, Europe may transfer the phantom shares into an alternative investment account at any time.

Rhea-AI Filing Summary

Greenbrier Companies Inc. SVP & President, Europe William Glenn received a grant of 10,267 time-vesting restricted stock units on October 21, 2026, and received 12,718 phantom shares instead of common shares upon vesting. His reported phantom-share balance after the transaction was 54,232. On October 22, 2026, 745 shares were withheld for tax liability incident to restricted-stock-unit vesting, at $37.69 per share. Phantom shares are economically equivalent to common shares and are payable in cash upon termination of employment.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Glenn William

Role SVP & President, Europe

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F2	745	$37.69	$28K
Grant/Award	Phantom Shares F3	12,718	$0.00	$0.00
Grant/Award	Common Stock F1	10,267	$0.00	$0.00

Holdings After Transaction: Phantom Shares — 54,232 contracts (Direct); Common Stock — 27,401 shares (Direct)

Footnotes (3)

1. F1. The reported transaction involved the reporting person's receipt of a grant of time-vesting restricted stock units under The Greenbrier Companies 2021 Stock Incentive Plan.
2. F2. Shares withheld in payment of tax liability incident to the vesting of restricted stock units.
3. F3. Upon the vesting of restricted stock units, the reporting person deferred the receipt of shares of common stock and received instead an equal number of shares of phantom stock pursuant to the Company's deferred compensation plan. Each phantom share is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of employment with the Company, and may be transferred by the reporting person into an alternative investment account at any time.

Key Figures

Time-vesting restricted stock units granted: 10,267 units Phantom shares received: 12,718 shares Phantom shares after transaction: 54,232 shares +2 more

5 metrics

Time-vesting restricted stock units granted 10,267 units October 21, 2026

Phantom shares received 12,718 shares October 21, 2026

Phantom shares after transaction 54,232 shares Reported following the October 21, 2026 transaction

Shares withheld for tax liability 745 shares October 22, 2026

Price per withheld share $37.69 per share October 22, 2026 tax-liability withholding

Key Terms

time-vesting restricted stock units, phantom stock, deferred compensation plan

3 terms

time-vesting restricted stock units financial

"receipt of a grant of time-vesting restricted stock units"

phantom stock financial

"received instead an equal number of shares of phantom stock"

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.

deferred compensation plan financial

"pursuant to the Company's deferred compensation plan"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GBX SVP William Glenn receive?

William Glenn received a grant of 10,267 time-vesting restricted stock units and 12,718 phantom shares instead of common shares upon vesting on October 21, 2026. His reported phantom-share balance after the transaction was 54,232.

How do GBX phantom shares work?

Each phantom share is the economic equivalent of one common share. The shares become payable in cash upon William Glenn's termination of employment, and he may transfer them into an alternative investment account at any time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/23/2026 - 07:52 PM EDT Accepted by SEC EDGAR 10/23/2026 - 07:52 PM EDT Learn about SEC filing dates

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^*

Glenn William

(Last) (First) (Middle)

C/O THE GREENBRIER COMPANIES, INC.

ONE CENTERPOINTE DRIVE, SUITE 200

(Street)

LAKE OSWEGO OREGON 97035

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & President, Europe

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/21/2026

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

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

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

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
Common Stock	10/21/2026		A		10,267(1)	A	$0.0	28,146	D
Common Stock	10/22/2026		F		745(2)	D	$37.69	27,401	D

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
Phantom Shares	(3)	10/21/2026		A		12,718(3)		(3)	(3)	Common Stock	12,718	$0.0(3)	54,232	D

Explanation of Responses:

1. The reported transaction involved the reporting person's receipt of a grant of time-vesting restricted stock units under The Greenbrier Companies 2021 Stock Incentive Plan.

2. Shares withheld in payment of tax liability incident to the vesting of restricted stock units.

3. Upon the vesting of restricted stock units, the reporting person deferred the receipt of shares of common stock and received instead an equal number of shares of phantom stock pursuant to the Company's deferred compensation plan. Each phantom share is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of employment with the Company, and may be transferred by the reporting person into an alternative investment account at any time.

	By: Kim Moore, Attorney-In-Fact For: William G. Glenn	10/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)