Trinity Industries (NYSE: TRN) CEO makes 130,000-share stock gift

Rhea-AI Filing Summary

Trinity Industries President and CEO Jean Savage reported a bona fide gift of 130,000 shares of common stock on March 2, 2026. The gift was recorded at $0.00 per share, reflecting that this was a non-market, no‑cash transfer. After the gift, Savage directly owned 228,581 common shares, and separate disclosure shows 65,902 common shares held indirectly through family trusts as of the same date.

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

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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^*

Savage Jean

(Last) (First) (Middle)

14221 N DALLAS PARKWAY

SUITE 1100

(Street)

DALLAS TX 75254

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRINITY INDUSTRIES INC [ NYSE/TRN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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								65,902	I	By Family Trusts(1)
Common Stock	03/02/2026		G		130,000(2)	D	$0	228,581(3)(4)	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:

1. Shares held in family trusts, of which the reporting person is the trustee and members of the reporting person's family are beneficiaries.

2. Includes shares transferred to an intentionally defective grantor trust (IDGT) for tax planning purposes in which the reporting person is neither the trustee nor the beneficiary. The shares were sold to the IDGT, and in exchange, the reporting person was issued a promissory note.

3. Includes shares held by a revocable trust, of which the reporting person is the lifetime beneficiary and trustee.

4. Includes 84,384 shares previously reported as indirect beneficial ownership.

Remarks:

	Phillip M. Kim For: Jean Savage	03/04/2026
	** 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 TRN President & CEO Jean Savage report?

Jean Savage reported a bona fide gift of 130,000 shares of Trinity Industries common stock. The transaction was coded as a gift, with a price of $0.00 per share, indicating no market sale or cash proceeds were involved.

How many Trinity Industries (TRN) shares does Jean Savage own after the gift?

After the reported gift, Jean Savage directly held 228,581 Trinity Industries common shares. Additional disclosure indicates 65,902 common shares were held indirectly through family trusts, giving insight into both direct and indirect beneficial ownership positions.

Was the TRN CEO’s Form 4 transaction a sale or a gift?

The Form 4 shows a bona fide gift of 130,000 Trinity Industries common shares, not an open-market sale. The transaction carried a $0.00 per share value, consistent with a non-cash transfer for estate or personal planning purposes.

How are Trinity Industries (TRN) shares held through trusts reported for Jean Savage?

The filing notes 65,902 shares held indirectly through family trusts for which Jean Savage serves as trustee. Footnotes also describe other trusts, including an intentionally defective grantor trust and a revocable trust, clarifying different forms of beneficial ownership.

Does the Trinity Industries Form 4 indicate any purchases by Jean Savage?

The Form 4 does not report any share purchases by Jean Savage. It records a single bona fide gift of 130,000 common shares and updates indirect holdings through family-related trusts, without listing any buy or sell transactions in the open market.