Trinity Industries (NYSE: TRN) legal chief reports tax share withholding and stock grant

Rhea-AI Filing Summary

Trinity Industries EVP & Chief Legal Officer Scott M. Ewing reported compensation-related stock transactions involving the company’s Common Stock. On May 21, 2026, he had 1,972 shares withheld at $34.30 per share to cover tax obligations, a non-market disposition. On the same date, he received a grant of 14,144 shares of Common Stock at no cost as an award. Following these transactions, he directly owned 74,195 Common Stock shares, indicating these moves reflect routine equity compensation and associated tax withholding rather than open-market trading.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ewing Scott M

Role EVP & Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14,144	$0.00	--
Tax Withholding	Common Stock	1,972	$34.30	$68K

Holdings After Transaction: Common Stock — 74,195 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withholding shares: 1,972 shares Tax-withholding price: $34.30 per share Stock grant: 14,144 shares +1 more

4 metrics

Tax-withholding shares 1,972 shares Common Stock withheld for taxes at $34.30 on May 21, 2026

Tax-withholding price $34.30 per share Value used for 1,972-share tax-withholding disposition

Stock grant 14,144 shares Common Stock grant/award at $0.00 per share on May 21, 2026

Post-transaction holdings 74,195 shares Direct Common Stock ownership after reported transactions

Key Terms

tax-withholding disposition, grant/award acquisition, non-derivative, Form 4

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 1,972 shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

grant/award acquisition financial

"transaction_action: "grant/award acquisition" for 14,144 shares"

non-derivative financial

"transaction_type: "non-derivative" for both Common Stock entries"

Form 4 regulatory

"INSIDER FILING DATA (Form 4): metadata description"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Ewing Scott M

(Last) (First) (Middle)

14221 N DALLAS PARKWAY

SUITE 1100

(Street)

DALLAS TEXAS 75254

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/21/2026		A		14,144	A	$0	74,195	D
Common Stock	05/21/2026		F		1,972	D	$34.3	72,223	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:

Remarks:

	Phillip M. Kim For Scott M. Ewing	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did TRN executive Scott M. Ewing report on this Form 4?

Scott M. Ewing reported two transactions in Trinity Industries Common Stock. He had 1,972 shares withheld to satisfy tax obligations and received a grant of 14,144 shares as an award, both dated May 21, 2026, reflecting compensation-related activity.

How many Trinity Industries (TRN) shares did Scott M. Ewing receive in the latest stock award?

Scott M. Ewing received a grant of 14,144 shares of Trinity Industries Common Stock. The award was recorded at a price of $0.00 per share and represents a compensation-related grant reported as an acquisition on May 21, 2026.

Why were 1,972 TRN shares disposed of in Scott M. Ewing’s Form 4 filing?

The 1,972 Trinity Industries shares were disposed of to cover tax liabilities. The filing classifies this as a tax-withholding disposition at $34.30 per share, meaning shares were delivered for taxes rather than sold in an open-market transaction.

What is Scott M. Ewing’s Trinity Industries (TRN) share ownership after these transactions?

After the reported transactions, Scott M. Ewing directly owned 74,195 Trinity Industries Common Stock shares. This figure reflects his position following the 1,972-share tax withholding and the 14,144-share compensation grant on May 21, 2026.

Are the TRN insider transactions by Scott M. Ewing open-market buys or sells?

The transactions are not open-market buys or sells. One is a tax-withholding disposition of 1,972 shares to satisfy tax obligations, and the other is a grant of 14,144 shares as a compensation award, both classified as non-derivative events.