Trinity Industries (TRN) director awarded 4,024 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lakkundi Veena M reported acquisition or exercise transactions in this Form 4 filing.
TRINITY INDUSTRIES INC director Veena M. Lakkundi received a new equity award in the form of 4,024 Trinity Stock Units. These units are restricted stock units granted at a price of $0.00 per unit under the company's Fifth Amended and Restated 2004 Stock Option and Incentive Plan.
The award represents 4,024 underlying shares of common stock and brings Lakkundi's reported holdings of these units to 4,024. The units vest at the first annual stockholders meeting following the grant date and are payable one-for-one in Trinity common stock after the director's termination of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lakkundi Veena M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Trinity Stock Units | 4,024 | $0.00 | -- |
Holdings After Transaction:
Trinity Stock Units — 4,024 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 4,024 units
Grant price per unit: $0.00 per unit
Units held after grant: 4,024 units
+1 more
4 metrics
Restricted stock units granted
4,024 units
Trinity Stock Units granted on May 21, 2026
Grant price per unit
$0.00 per unit
Trinity Stock Units award price
Units held after grant
4,024 units
Total Trinity Stock Units following transaction
Underlying common shares
4,024 shares
Common Stock underlying granted units
Key Terms
Restricted Stock Units, Trinity Stock Units, Stock Option and Incentive Plan, vest
4 terms
Restricted Stock Units financial
"Restricted Stock Units granted pursuant to the Fifth Amended and Restated Trinity Industries, Inc. 2004 Stock Option and Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Trinity Stock Units financial
"security_title: Trinity Stock Units, underlying_security_title: Common Stock"
Stock Option and Incentive Plan financial
"granted pursuant to the Fifth Amended and Restated Trinity Industries, Inc. 2004 Stock Option and Incentive Plan."
vest financial
"Units vest upon the first annual stockholders meeting following the Date of Grant."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did TRINITY INDUSTRIES INC (TRN) director Veena Lakkundi report on this Form 4?
Director Veena M. Lakkundi reported receiving a grant of 4,024 Trinity Stock Units. These are restricted stock units tied to common shares and were awarded as equity compensation under the company’s stock option and incentive plan at a grant price of $0.00 per unit.
How many Trinity Stock Units were granted to the TRN director in this filing?
The filing shows a grant of 4,024 Trinity Stock Units to the director. Each unit represents one underlying share of Trinity common stock, bringing the director’s reported balance in these units to 4,024 following the transaction on May 21, 2026.
What is the exercise or conversion price for the Trinity Stock Units granted to the TRN director?
The Trinity Stock Units were granted with a conversion price of $0.00 per unit. This reflects that they are restricted stock units, awarded as compensation rather than purchased in the market, and convert into common shares on the stated distribution terms in the plan.
When do Veena Lakkundi’s Trinity restricted stock units vest according to the Form 4?
The units vest upon the first annual stockholders meeting following the date of grant. This means the director’s right to the Trinity Stock Units becomes non-forfeitable at that meeting, subject to the plan’s terms, before eventual distribution in shares after termination of board service.
When will the TRN director receive Trinity common stock from these stock units?
Distribution of the 4,024 Trinity Stock Units occurs on a one-for-one basis in Trinity stock after the director’s termination of service. The footnote explains that each vested unit later converts into one share of common stock upon this termination event.
Under which equity plan were the Trinity Stock Units granted to the director?
The restricted stock units were granted under the Fifth Amended and Restated Trinity Industries, Inc. 2004 Stock Option and Incentive Plan. This plan governs the terms of equity awards to directors and other participants, including vesting conditions and distribution mechanics.