Form 4: GATX Corp Executive Geoffrey Phillips Reports Stock Option Exercise and Sale
SEC Form 4 Filing
GATX Corp's Senior VP of Operations, Geoffrey Phillips, exercised stock options and sold shares on March 7, 2024.
Summary
- On March 7, 2024, Geoffrey Phillips, Senior VP of Operations at GATX Corp, exercised stock options to acquire 2,300 shares of common stock at a price of $69.735 per share.
- Following the exercise, Phillips sold 2,300 shares of GATX common stock at a weighted average price of $131.8112, with prices ranging from $131.5252 to $132.3600.
- After these transactions, Phillips directly owns 6,808 shares of GATX common stock.
- The transactions were reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it represents a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Date the 2018 NQ Stock Option became exercisable |
| 01/25/2025 | Expiration date of the 2018 NQ Stock Option |
| 03/07/2024 | Date of stock option exercise and sale of shares |
| 03/08/2024 | Date of Form 4 filing |
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