Form 4: GATX Corp Director John McClain Holmes III Acquires Additional Shares Through Deferred Fee Plan

Director John McClain Holmes III increased his holdings in GATX Corp through the acquisition of Restricted Stock Units (RSUs) under the company's Deferred Fee Plan.

Summary

• On February 3, 2025, John McClain Holmes III, a director of GATX Corp, acquired 142 shares of common stock through the company's Amended and Restated GATX Corporation Directors' Voluntary Deferred Fee Plan.
• The acquisition was made up of 7 shares of RSUs acquired pursuant to the dividend reinvestment feature of the Deferred Fee Plan, and 135 RSUs acquired under the Deferred Fee Plan resulting from the reporting person's election to defer the annual cash retainer and other cash fees payable to the reporting person in the form of RSUs under the Deferred Fee Plan.
• The price of the acquisition was $111.143 per share.
• Following the transaction, Holmes directly owns 1,902 shares of GATX Corp.
• The RSUs are generally payable on a deferred basis in common stock at the election of the reporting person upon the reporting person's termination of service on the Issuer's board of directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's participation in the deferred fee plan indicates confidence in the company's future, but the transaction itself is routine.

Positives

• Director's participation in the Deferred Fee Plan demonstrates confidence in the company's future.
• The dividend reinvestment feature allows for incremental increases in share ownership.

Future Outlook

The RSUs are generally payable on a deferred basis in common stock at the election of the reporting person upon the reporting person's termination of service on the Issuer's board of directors.

Industry Context

Directors often participate in deferred compensation plans to align their interests with those of shareholders and to manage their personal tax liabilities.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of shares by a director.

Key Dates

Keywords

GATX, Director, Holmes, RSU, Deferred Fee Plan, Acquisition, Common Stock