Trinity Industries (TRN) EVP uses 1,492 shares to cover tax liability on Form 4

Rhea-AI Filing Summary

Trinity Industries executive Scott M. Ewing reported a routine tax-withholding share disposition. On this Form 4, 1,492 shares of Common Stock were surrendered on 2026-05-15 at $34.26 per share to cover tax obligations. After this transaction, he directly holds 60,051 shares of Trinity Industries common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ewing Scott M

Role EVP & Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,492	$34.26	$51K

Holdings After Transaction: Common Stock — 60,051 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withholding shares: 1,492 shares Reported price per share: $34.26 per share Shares held after transaction: 60,051 shares

3 metrics

Tax-withholding shares 1,492 shares Shares delivered for tax liability on May 15, 2026

Reported price per share $34.26 per share Reporting price for tax-withholding disposition

Shares held after transaction 60,051 shares Direct holdings of Common Stock following Form 4 event

Key Terms

tax-withholding disposition, Common Stock, Form 4, Payment of exercise price or tax liability by delivering securities

4 terms

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

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.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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.

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""

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)
05/15/2026

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	05/15/2026		F		1,492	D	$34.26	60,051	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	05/19/2026
	** 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 transaction did TRINITY INDUSTRIES INC (TRN) report for Scott M. Ewing?

TRINITY INDUSTRIES INC reported that executive Scott M. Ewing had 1,492 shares of Common Stock disposed of on May 15, 2026. The shares were used to satisfy tax obligations, not sold in an open-market transaction, and are recorded on a Form 4 filing.

Was the TRN Form 4 transaction an open-market sale of shares?

No, the Form 4 for TRN shows a tax-withholding disposition, not an open-market sale. Code F indicates 1,492 shares were delivered to cover tax liability, leaving the executive’s economic exposure largely unchanged aside from the withheld shares.

How many TRINITY INDUSTRIES INC shares does Scott M. Ewing hold after this Form 4?

After the reported tax-withholding disposition, Scott M. Ewing directly holds 60,051 shares of TRINITY INDUSTRIES INC Common Stock. This remaining position provides context that the 1,492 shares surrendered for taxes represent a relatively small portion of his overall holdings.

What price per share was used in the TRN tax-withholding transaction?

The Form 4 lists a transaction price of $34.26 per share for the 1,492 shares used to satisfy tax obligations. This figure is used solely for reporting purposes and does not represent an open-market trade executed by the insider on that date.

What does transaction code F mean in the TRN Form 4 filing?

Transaction code F in the TRN Form 4 indicates a payment of exercise price or tax liability by delivering securities. In this case, 1,492 shares of Common Stock were surrendered to cover tax obligations rather than being voluntarily sold in the market.