[Form 4] The Greenbrier Companies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

James R. Huffines, a director of The Greenbrier Companies (GBX), reported an insider purchase and an automatic restricted stock unit grant. On 08/08/2025 he acquired 2,500 shares of GBX common stock in multiple transactions at a weighted-average price of $44.8433 per share (individual trade prices ranged from $44.74 to $44.88), bringing his direct beneficial ownership to 13,909 shares.

Separately, on 08/07/2025 he received an automatic grant of 17 time-based Restricted Stock Units under dividend equivalent rights; each RSU converts to one share and will vest on the earlier of the first anniversary of the grant or the next annual shareholder meeting. The filing shows 2,511 derivative securities beneficially owned following the reported transactions.

Positive

• Insider purchase: Director James R. Huffines acquired 2,500 shares, increasing direct holdings to 13,909 shares.
• RSU grant: Received 17 time-based Restricted Stock Units that convert to one share each, aligning compensation with shareholder value.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small director purchase and minor RSU grant; informative but not materially market-moving.

The Form 4 discloses a director purchase of 2,500 common shares at a weighted-average price of $44.8433 and an automatic grant of 17 RSUs. The purchase increased direct holdings to 13,909 shares and the filing records 2,511 derivative securities post-transaction. The disclosed trade sizes and RSU amount are modest in absolute terms and represent routine insider activity rather than a significant corporate event. Investors may note insider alignment but should consider transaction scale relative to total outstanding shares and overall insider holdings when assessing impact.

Corporate Governance Expert

TL;DR: Transaction and RSU grant reflect routine compensation and modest insider buying; governance signal is neutral-to-slightly positive.

The filing documents an equity purchase by Director James R. Huffines and an automatic RSU grant tied to dividend equivalents. The RSU vesting condition (earlier of first anniversary or next annual meeting) is standard for time-based awards. The combination of a small open-market purchase and customary RSU issuance typically indicates routine compensation and modest insider participation, without revealing material changes to governance arrangements or control.

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
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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^*

Huffines James R

(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)
08/07/2025

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
Common Stock	08/08/2025		P		2,500	A	$44.8433(1)	13,909	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
Restricted Stock Units	$0.0	08/07/2025		A		17		(2)	(2)	Common Stock	17	$0.0	2,511	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $44.74 to $44.88, inclusive. The Reporting Person undertakes to provide to The Greenbrier Companies, Inc., any security holder of The Greenbrier Companies, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

2. 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: James R. Huffines	08/11/2025
	** 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).
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FAQ

Who filed the Form 4 for GBX?

The Form 4 was filed on behalf of James R. Huffines, who is identified as a director of The Greenbrier Companies (GBX).

What transaction(s) did the insider report for GBX?

Reported transactions include the open-market purchase of 2,500 common shares on 08/08/2025 at a weighted-average price of $44.8433 and an automatic grant of 17 RSUs on 08/07/2025.

How many GBX shares does Huffines own after the transactions?

The filing reports 13,909 shares of common stock beneficially owned following the reported non-derivative transaction(s) and 2,511 derivative securities beneficially owned after the derivative transaction(s).

What are the vesting terms of the RSUs reported for GBX?

The RSUs are time-based and will vest on the earlier of the first anniversary of the grant or the date of the next annual shareholder meeting; each RSU represents a contingent right to one share.

What price range did the insider pay for the GBX shares?

The shares were purchased in multiple transactions at prices ranging from $44.74 to $44.88, producing a weighted-average price of $44.8433.