Greenbrier (GBX) Insider Award: 1,752 Shares to New Director

Rhea-AI Filing Summary

Greenbrier Companies, Inc. (GBX) – Insider Form 4 filing

Director Jeffrey M. Songer reported the acquisition of 1,752 shares of GBX common stock on 19 Jun 2025. The filing lists the transaction code “A,” indicating an award or grant, with a stated price of $0.00, typical for restricted-stock or onboarding equity grants. Following the award, Songer’s direct beneficial ownership stands at 1,752 shares. No derivative securities transactions were reported.

The filing reflects a modest increase in insider ownership and does not disclose any simultaneous dispositions, derivative activity, or 10b5-1 trading plan. Given Greenbrier’s market capitalization, the dollar value of the award is immaterial; however, it modestly aligns the Director’s interests with shareholders without cash outlay.

Positive

• Director ownership increased by 1,752 shares, modestly strengthening alignment between the board and shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small equity grant; neutral impact on GBX valuation.

This Form 4 records an initial equity award of only 1,752 shares to new director Jeffrey M. Songer. The zero-dollar price confirms a board-approved grant rather than an open-market purchase, so no personal capital was deployed. At today’s stock levels the award is likely <US$100k, immaterial versus Greenbrier’s multibillion-dollar equity value. While any increase in insider ownership can signal alignment, the scale is far too small to influence earnings, liquidity, or governance risk. Consequently, investors should view the filing as routine administrative disclosure with no direct impact on near-term valuation or strategic outlook.

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^*

Songer Jeffrey M

(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)
06/19/2025

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	06/19/2025		A		1,752	A	$0.0	1,752	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

Explanation of Responses:

	By: Kim Moore, Attorney-In-Fact For: Jeffrey M. Songer	06/23/2025
	** 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

How many GBX shares did Jeffrey M. Songer acquire according to the Form 4?

The filing shows an award of 1,752 common shares.

Was cash paid for the GBX shares acquired on 19 Jun 2025?

No. The transaction lists a $0.00 price, indicating a stock grant rather than a purchase.

Does the Form 4 indicate any dispositions of Greenbrier stock?

No dispositions were reported; only an acquisition of shares was disclosed.

What is Jeffrey M. Songer’s total direct GBX share ownership after the transaction?

After the grant, Songer directly owns 1,752 shares of GBX.

Does the filing mention a Rule 10b5-1 trading plan?

The box for a Rule 10b5-1 plan was not checked; no such plan is referenced.