STOCK TITAN

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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Jack Graeme, a director of The Greenbrier Companies, received an automatic grant of time-based Restricted Stock Units (RSUs) tied to dividend equivalents. The award increases his direct holdings to 2,511 RSUs, each representing a contingent right to one share of GBX common stock. The additional RSUs were recorded with a transaction dated 08/07/2025 and carry a $0.00 conversion price. These RSUs will vest on the earlier of the first anniversary of the underlying grant or the next annual shareholder meeting, aligning the director’s economic interests with shareholders while remaining subject to the stated vesting conditions.

Jack Graeme, membro del consiglio di amministrazione di The Greenbrier Companies, ha ricevuto automaticamente un'assegnazione di Restricted Stock Units (RSUs) a scadenza temporale collegate a equivalenti di dividendo. L'assegnazione porta la sua partecipazione diretta a 2,511 RSUs, ciascuna rappresentante il diritto condizionato a una azione ordinaria GBX. Le RSU aggiuntive sono state registrate con una transazione datata 08/07/2025 e prevedono un prezzo di conversione di $0.00. Queste RSU matureranno al verificarsi dell'evento che si realizzerà per primo tra il primo anniversario della concessione e la prossima assemblea annuale degli azionisti, allineando così gli interessi economici del direttore con quelli degli azionisti, pur restando soggette alle condizioni di vesting indicate.

Jack Graeme, director de The Greenbrier Companies, recibió automáticamente una concesión de Restricted Stock Units (RSUs) temporales vinculadas a equivalentes de dividendos. La adjudicación eleva su participación directa a 2,511 RSUs, cada una representando el derecho contingente a una acción ordinaria de GBX. Las RSUs adicionales se registraron en una transacción con fecha 08/07/2025 y tienen un precio de conversión de $0.00. Estas RSUs se consolidarán en la fecha que ocurra antes entre el primer aniversario de la concesión y la próxima junta anual de accionistas, alineando los intereses económicos del director con los de los accionistas y quedando sujetas a las condiciones de consolidación establecidas.

그린브라이어 컴퍼니즈(The Greenbrier Companies)의 이사인 잭 그레이엄(Jack Graeme)은 배당 등가분에 연동된 기간 기반의 제한주식단위(RSUs)를 자동으로 부여받았습니다. 이번 부여로 그의 직접 보유량은 2,511 RSUs로 증가했으며, 각 RSU는 GBX 보통주 1주에 대한 잠정적 권리를 의미합니다. 추가 RSU는 08/07/2025자로 기록된 거래로 등재되었고 변환가격은 $0.00입니다. 이 RSU들은 원래 부여일의 1주년과 다음 연례 주주총회 중 먼저 도래하는 시점에 권리가 취득되어 이사의 경제적 이해관계를 주주들과 일치시키되, 명시된 취득 조건의 적용을 받습니다.

Jack Graeme, administrateur de The Greenbrier Companies, a reçu automatiquement une attribution d'unités d'actions restreintes (RSU) à échéance temporelle liées à des équivalents de dividendes. Cette attribution porte ses avoirs directs à 2,511 RSUs, chacune représentant un droit conditionnel sur une action ordinaire GBX. Les RSU supplémentaires ont été enregistrées dans une transaction datée du 08/07/2025 et présentent un prix de conversion de $0.00. Ces RSU verront leurs droits acquis à la date la plus proche entre le premier anniversaire de l'attribution et la prochaine assemblée générale annuelle, alignant ainsi les intérêts économiques de l'administrateur sur ceux des actionnaires, sous réserve des conditions d'acquisition indiquées.

Jack Graeme, ein Direktor von The Greenbrier Companies, erhielt automatisch eine Zuteilung zeitlich gebundener Restricted Stock Units (RSUs), die an Dividendenäquivalente gekoppelt sind. Die Zuteilung erhöht seinen direkten Bestand auf 2,511 RSUs, wobei jede RSU ein bedingtes Recht auf eine Aktie der GBX-Stammaktien darstellt. Die zusätzlichen RSUs wurden in einer Transaktion mit Datum 08/07/2025 verbucht und haben einen Umwandlungspreis von $0.00. Diese RSUs werden zum früheren Zeitpunkt wirksam – entweder am ersten Jahrestag der zugrunde liegenden Zuteilung oder auf der nächsten jährlichen Hauptversammlung – und gleichen damit die wirtschaftlichen Interessen des Direktors mit denen der Aktionäre ab, wobei sie den angegebenen Vesting-Bedingungen unterliegen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director equity grant; modest increase in direct holdings to 2,511 RSUs, limited near-term market impact.

The Form 4 reports an automatic grant of time-based Restricted Stock Units to director Jack Graeme that raises his direct beneficial ownership to 2,511 RSUs. The grant arose from dividend equivalent rights and carries a $0.00 conversion price, meaning each RSU is a contingent claim on one share. Vesting is tied to the earlier of the one-year anniversary of the underlying grant or the next annual meeting, so transferability and share issuance are deferred until vesting. For investors, this is a routine alignment mechanism rather than a material corporate action.

TL;DR: Governance-standard compensation: director awarded RSUs via dividend equivalents with standard vesting; signals alignment, not a governance concern.

The disclosure indicates the award was automatic and stems from dividend equivalent provisions, a common practice to preserve the economic value of prior equity awards. The reported structure—time-based RSUs that vest on a set schedule—aligns the director’s incentives with long-term shareholder value without immediate dilution because shares are contingent until vesting. No unusual acceleration, amendments, or extraordinary terms are disclosed in the filing.

Jack Graeme, membro del consiglio di amministrazione di The Greenbrier Companies, ha ricevuto automaticamente un'assegnazione di Restricted Stock Units (RSUs) a scadenza temporale collegate a equivalenti di dividendo. L'assegnazione porta la sua partecipazione diretta a 2,511 RSUs, ciascuna rappresentante il diritto condizionato a una azione ordinaria GBX. Le RSU aggiuntive sono state registrate con una transazione datata 08/07/2025 e prevedono un prezzo di conversione di $0.00. Queste RSU matureranno al verificarsi dell'evento che si realizzerà per primo tra il primo anniversario della concessione e la prossima assemblea annuale degli azionisti, allineando così gli interessi economici del direttore con quelli degli azionisti, pur restando soggette alle condizioni di vesting indicate.

Jack Graeme, director de The Greenbrier Companies, recibió automáticamente una concesión de Restricted Stock Units (RSUs) temporales vinculadas a equivalentes de dividendos. La adjudicación eleva su participación directa a 2,511 RSUs, cada una representando el derecho contingente a una acción ordinaria de GBX. Las RSUs adicionales se registraron en una transacción con fecha 08/07/2025 y tienen un precio de conversión de $0.00. Estas RSUs se consolidarán en la fecha que ocurra antes entre el primer aniversario de la concesión y la próxima junta anual de accionistas, alineando los intereses económicos del director con los de los accionistas y quedando sujetas a las condiciones de consolidación establecidas.

그린브라이어 컴퍼니즈(The Greenbrier Companies)의 이사인 잭 그레이엄(Jack Graeme)은 배당 등가분에 연동된 기간 기반의 제한주식단위(RSUs)를 자동으로 부여받았습니다. 이번 부여로 그의 직접 보유량은 2,511 RSUs로 증가했으며, 각 RSU는 GBX 보통주 1주에 대한 잠정적 권리를 의미합니다. 추가 RSU는 08/07/2025자로 기록된 거래로 등재되었고 변환가격은 $0.00입니다. 이 RSU들은 원래 부여일의 1주년과 다음 연례 주주총회 중 먼저 도래하는 시점에 권리가 취득되어 이사의 경제적 이해관계를 주주들과 일치시키되, 명시된 취득 조건의 적용을 받습니다.

Jack Graeme, administrateur de The Greenbrier Companies, a reçu automatiquement une attribution d'unités d'actions restreintes (RSU) à échéance temporelle liées à des équivalents de dividendes. Cette attribution porte ses avoirs directs à 2,511 RSUs, chacune représentant un droit conditionnel sur une action ordinaire GBX. Les RSU supplémentaires ont été enregistrées dans une transaction datée du 08/07/2025 et présentent un prix de conversion de $0.00. Ces RSU verront leurs droits acquis à la date la plus proche entre le premier anniversaire de l'attribution et la prochaine assemblée générale annuelle, alignant ainsi les intérêts économiques de l'administrateur sur ceux des actionnaires, sous réserve des conditions d'acquisition indiquées.

Jack Graeme, ein Direktor von The Greenbrier Companies, erhielt automatisch eine Zuteilung zeitlich gebundener Restricted Stock Units (RSUs), die an Dividendenäquivalente gekoppelt sind. Die Zuteilung erhöht seinen direkten Bestand auf 2,511 RSUs, wobei jede RSU ein bedingtes Recht auf eine Aktie der GBX-Stammaktien darstellt. Die zusätzlichen RSUs wurden in einer Transaktion mit Datum 08/07/2025 verbucht und haben einen Umwandlungspreis von $0.00. Diese RSUs werden zum früheren Zeitpunkt wirksam – entweder am ersten Jahrestag der zugrunde liegenden Zuteilung oder auf der nächsten jährlichen Hauptversammlung – und gleichen damit die wirtschaftlichen Interessen des Direktors mit denen der Aktionäre ab, wobei sie den angegebenen Vesting-Bedingungen unterliegen.

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*
Jack Graeme

(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
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 (1) (1) Common Stock 17 $0.0 2,511 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: Graeme A. Jack 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).
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 The Greenbrier Companies (GBX) report?

The Form 4 reports an automatic grant of time-based Restricted Stock Units to director Jack Graeme, increasing his direct holdings to 2,511 RSUs.

How many Restricted Stock Units did GBX director Jack Graeme hold after the transaction?

Following the reported transaction, Jack Graeme beneficially owned 2,511 RSUs directly.

What are the vesting conditions for the RSUs reported on GBX Form 4?

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

What is the conversion price for the RSUs granted to the GBX director?

The reported conversion/exercise price for the Restricted Stock Units is $0.00, with each RSU representing a contingent right to one share of common stock.

Who filed the Form 4 on behalf of the reporting person for GBX?

The filing shows the form was signed by an attorney-in-fact, Kim Moore, on behalf of Graeme A. Jack.
Greenbrier Cos Inc

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LAKE OSWEGO