Greenbrier (NYSE: GBX) director reports deferred stock and phantom share awards
Rhea-AI Filing Summary
Greenbrier Companies director Kelly M. Williams reported equity award activity and deferrals. On January 7, 2026, 2,528 previously granted Restricted Stock Units (RSUs) vested, and instead of receiving common shares, Williams elected to defer them into 2,528 phantom shares under Greenbrier’s deferred compensation plan for non-employee directors.
On the same date, Williams received a new grant of 3,465 fully vested RSUs, and likewise chose to defer settlement into 3,465 phantom shares. Each phantom share is economically equivalent to one share of Greenbrier common stock and becomes payable in cash or stock upon the end of Williams’s board service. Following these transactions, Williams held 39,843 phantom shares directly and no RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Shares | 2,528 | $0.00 | -- |
| Grant/Award | Phantom Shares | 3,465 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,528 | $0.00 | -- |
Footnotes (1)
- The reported transaction represents the vesting of 2,528 unvested Restricted Stock Units previously included in Table II. The reporting person elected to defer delivery of the shares of Common Stock otherwise deliverable to the reported person upon vesting and, instead, was credited with an equivalent number of phantom shares under the Company's deferred compensation plan for non-employee directors. Each phantom share is the economic equivalent of one share of Common Stock. The shares of phantom stock become payable in cash or Common Stock upon the reporting person's termination of service and may be transferred by the reporting person into an alternative investment account at any time. The reported transaction represents the grant of 3,465 Restricted Stock Units that were fully vested at grant. Each Restricted Stock Unit represented a contingent right to receive one share of Common Stock. The reporting person elected to defer delivery of the shares of Common Stock otherwise deliverable to the reported person upon vesting and, instead, was credited with an equivalent number of phantom shares under the Company's deferred compensation plan for non-employee directors. Each phantom share is the economic equivalent of one share of Common Stock. The shares of phantom stock become payable in cash or Common Stock upon the reporting person's termination of service and may be transferred by the reporting person into an alternative investment account at any time.
FAQ
What insider transaction did Kelly M. Williams report for GREENBRIER COMPANIES INC (GBX)?
Director Kelly M. Williams reported equity award activity on January 7, 2026, involving the vesting of previously granted Restricted Stock Units and the grant of new RSUs, all of which were deferred into phantom shares under Greenbrier’s deferred compensation plan for non-employee directors.
How many Restricted Stock Units vested for Kelly M. Williams on January 7, 2026?
2,528 Restricted Stock Units vested for Kelly M. Williams. Instead of taking delivery of common stock, Williams elected to receive an equivalent 2,528 phantom shares in the deferred compensation plan.
What new equity grant did Kelly M. Williams receive from GBX on January 7, 2026?
On January 7, 2026, Williams received a grant of 3,465 Restricted Stock Units that were fully vested at grant. Williams chose to defer the underlying common shares and was credited with 3,465 phantom shares instead.
Did Kelly M. Williams still hold any Restricted Stock Units after the reported Form 4 transactions?
No. Following the vesting and deferral of 2,528 Restricted Stock Units into phantom shares, the Form 4 shows Williams with 0 Restricted Stock Units remaining and all value held in phantom shares.