Greenbrier (NYSE: GBX) now 6% owned by Toronto-Dominion Bank

Rhea-AI Filing Summary

The Greenbrier Companies Inc. received a Schedule 13G filing showing that The Toronto-Dominion Bank holds a significant passive stake in the company. The bank reports beneficial ownership of 1,859,223 shares of Greenbrier common stock without par value, representing 6% of the outstanding class.

The Toronto-Dominion Bank has sole voting and dispositive power over all of these shares and reports no shared power. It certifies that the position was acquired and is held in the ordinary course of business, not for the purpose of changing or influencing control of Greenbrier.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

GREENBRIER COMPANIES INC

(Name of Issuer)

Common Stock without par value

(Title of Class of Securities)

393657101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 393657101

1

Names of Reporting Persons

The Toronto-Dominion Bank

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,859,223.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,859,223.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,859,223.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GREENBRIER COMPANIES INC
(b)	Address of issuer's principal executive offices: ONE CENTERPOINTE DR, STE 200, LAKE OSWEGO, OREGON 97035
Item 2.
(a)	Name of person filing: The Toronto-Dominion Bank
(b)	Address or principal business office or, if none, residence: 66 Wellington Street West 12th Floor TD Tower Toronto, Ontario, Canada M5K 1A2
(c)	Citizenship: The Toronto-Dominion Bank - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Common Stock without par value
(e)	CUSIP No.: 393657101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Bank
Item 4.	Ownership
(a)	Amount beneficially owned: 1,859,223
(b)	Percent of class: 6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The Toronto-Dominion Bank - 1,859,223
	(ii) Shared power to vote or to direct the vote: The Toronto-Dominion Bank - 0
	(iii) Sole power to dispose or to direct the disposition of: The Toronto-Dominion Bank - 1,859,223
	(iv) Shared power to dispose or to direct the disposition of: The Toronto-Dominion Bank - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Toronto-Dominion Bank

Signature:	Christina Petrou
Name/Title:	Christina Petrou / Executive Vice President & Chief Operating Officer
Date:	02/13/2026

FAQ

What stake does The Toronto-Dominion Bank hold in Greenbrier Companies (GBX)?

The Toronto-Dominion Bank reports beneficial ownership of 1,859,223 Greenbrier common shares, representing 6% of the outstanding class. This makes the bank a significant institutional holder under U.S. disclosure rules for owners of more than five percent.

Is The Toronto-Dominion Bank’s Greenbrier (GBX) position considered passive or active?

The position is certified as passive. The Toronto-Dominion Bank states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Greenbrier Companies.

How much voting power does The Toronto-Dominion Bank have in Greenbrier (GBX)?

The Toronto-Dominion Bank reports sole voting power over 1,859,223 shares of Greenbrier common stock. It lists zero shared voting power, meaning all reported voting authority resides solely with the bank for these shares.

What type of securities of Greenbrier (GBX) does The Toronto-Dominion Bank own?

The filing covers Greenbrier Companies’ common stock without par value under CUSIP 393657101. The Toronto-Dominion Bank’s 1,859,223 reported shares all relate to this single class of common stock, representing a 6% ownership stake.

What is the date of the reportable event for The Toronto-Dominion Bank’s Greenbrier (GBX) stake?

The Schedule 13G lists December 31, 2025 as the date of the event requiring the filing. That date is the ownership snapshot used to calculate the 1,859,223 shares and the 6% of the Greenbrier common stock class.

Does The Toronto-Dominion Bank share dispositive power over Greenbrier (GBX) shares?

No. The bank reports sole dispositive power over 1,859,223 shares and zero shared dispositive power. This means decisions about selling or otherwise disposing of these Greenbrier shares rest solely with The Toronto-Dominion Bank.