What indirect TRN share holdings are reported for Jean Savage?

The filing reports 65,902 TRN shares held indirectly through family trusts and a revocable trust. Savage is trustee and, in one case, lifetime beneficiary, meaning these trusts hold shares for family beneficiaries while she maintains administrative or beneficial roles.

Trinity Industries (NYSE: TRN) CEO reports 23,768-share tax withholding

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

TRINITY INDUSTRIES INC President & CEO Jean Savage reported routine share movements related to tax obligations and trust holdings. A total of 23,768 shares of common stock were disposed of as a tax-withholding transaction at $34.26 per share, used to satisfy exercise price or tax liability rather than sold in the open market.

Following this disposition, Savage directly holds 204,813 common shares. In addition, 65,902 common shares are held indirectly through family trusts where Savage serves as trustee and family members are beneficiaries, and through a revocable trust where Savage is the lifetime beneficiary and trustee.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Savage Jean

Role President & CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	23,768	$34.26	$814K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 204,813 shares (Direct, null); Common Stock — 65,902 shares (Indirect, By Family Trusts)

Footnotes (1)

Shares held in family trusts, of which the reporting person is the trustee and members of the reporting person's family are beneficiaries. Includes shares held by a revocable trust, of which the reporting person is the lifetime beneficiary and trustee.

Key Figures

Tax-withholding shares: 23,768 shares Tax-withholding price: $34.26 per share Direct holdings after transaction: 204,813 shares +1 more

4 metrics

Tax-withholding shares 23,768 shares Common Stock disposed as tax-withholding at $34.26 per share

Tax-withholding price $34.26 per share Price for 23,768-share tax-withholding disposition

Direct holdings after transaction 204,813 shares Common Stock directly held by Jean Savage after tax withholding

Indirect trust holdings 65,902 shares Common Stock held by family and revocable trusts

Key Terms

tax-withholding disposition, Family Trusts, revocable trust

3 terms

tax-withholding disposition financial

"A total of 23,768 shares of common stock were disposed of as a tax-withholding transaction at $34.26 per share"

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.

Family Trusts financial

"65,902 common shares are held indirectly through family trusts where Savage serves as trustee"

revocable trust financial

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

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 04:16 PM

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^*

Savage Jean

(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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								65,902	I	By Family Trusts⁽¹⁾
Common Stock	05/15/2026		F		23,768	D	$34.26	204,813⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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

Remarks:

	Phillip M. Kim For: Jean Savage	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)

Source: View Original Filing on SEC EDGAR

FAQ

What did TRINITY INDUSTRIES (TRN) CEO Jean Savage report on this Form 4?

Jean Savage reported a tax-related share disposition and updated holdings. The filing shows 23,768 common shares were used to cover tax or exercise obligations, with updated direct and indirect ownership positions detailed after the transaction.

Were the TRN shares in this Form 4 an open-market sale by the CEO?

No, the 23,768 TRN shares reflect a tax-withholding disposition, not an open-market sale. The shares were delivered to satisfy an exercise price or tax liability, which is a routine, non-discretionary transaction often tied to equity compensation.

How many TRINITY INDUSTRIES shares does Jean Savage hold directly after this filing?

After the tax-withholding transaction, Jean Savage directly holds 204,813 TRINITY INDUSTRIES common shares. This figure reflects her post-transaction direct ownership position reported in the Form 4 and provides context for the overall size of the withholding event.

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

Transaction code F indicates a tax-withholding disposition using company shares. In this case, 23,768 TRN shares were delivered to pay an exercise price or satisfy tax liabilities, distinguishing it from discretionary buying or selling on the open market.