Director at Trinity Industries (NYSE: TRN) awarded 4,024 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Biesterfeld Robert C Jr reported acquisition or exercise transactions in this Form 4 filing.
Trinity Industries director Robert C. Biesterfeld Jr. received a grant of 4,024 Trinity Stock Units as equity compensation. These units represent a right to receive an equal number of Trinity common shares on a 1-for-1 basis after his service as director ends.
The units vest at the first annual stockholders meeting following the grant date, aligning his compensation with shareholder interests over that period. After vesting and upon his termination as director, the units will be settled in Trinity common stock. Following this grant, he holds 4,024 stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Biesterfeld Robert C Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Trinity Stock Units | 4,024 | $0.00 | -- |
Holdings After Transaction:
Trinity Stock Units — 4,024 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock units granted: 4,024 units
Underlying common shares: 4,024 shares
Grant price per unit: $0.0000
+1 more
4 metrics
Stock units granted
4,024 units
Trinity Stock Units granted to director on May 21, 2026
Underlying common shares
4,024 shares
Each unit convertible 1-for-1 into common stock
Grant price per unit
$0.0000
Equity award granted at no cash cost to director
Post-grant stock units held
4,024 units
Total Trinity Stock Units following this transaction
Key Terms
Restricted Stock Units, Trinity Stock Units, Stock Option and Incentive Plan, annual stockholders meeting
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
"Distribution is 1 for 1 in Trinity Stock after Director's termination."
Stock Option and Incentive Plan financial
"granted pursuant to the Fifth Amended and Restated Trinity Industries, Inc. 2004 Stock Option and Incentive Plan."
annual stockholders meeting financial
"Units vest upon the first annual stockholders meeting following the Date of Grant."
FAQ
What did Trinity Industries (TRN) disclose in this Form 4 filing?
Trinity Industries disclosed that director Robert C. Biesterfeld Jr. received 4,024 Trinity Stock Units as an equity award. These units are a form of restricted stock unit that convert into common shares on a 1-for-1 basis after his board service ends.
How many stock units were granted to the Trinity Industries (TRN) director?
The director received 4,024 Trinity Stock Units in this grant. Each unit represents a future right to receive one share of Trinity common stock, providing equity-based compensation tied to the company’s long-term performance and his continued board service.
When do the Trinity Industries (TRN) stock units vest for the director?
The stock units vest upon the first annual stockholders meeting following the grant date. This schedule links the equity award to at least one full annual shareholder cycle, encouraging continued service and alignment with shareholder interests during that period.
When will the Trinity Industries (TRN) director receive common stock for these units?
The director will receive Trinity common stock after his termination from the board. At that time, each vested Trinity Stock Unit converts into one share, turning the deferred equity award into actual stock ownership upon the end of board service.
What plan governs the Trinity Stock Units granted to the Trinity (TRN) director?
The units were granted under the Fifth Amended and Restated Trinity Industries, Inc. 2004 Stock Option and Incentive Plan. This plan authorizes equity-based awards like restricted stock units to directors and others to support long-term incentive compensation.