Form 4: GATX Director James B. Ream Reports Acquisition of Common Stock
SEC Form 4
Director James B. Ream reports acquiring 239 shares of GATX Corp common stock through dividend reinvestment and deferred fee plan.
Summary
- On August 1, 2024, James B. Ream, a director of GATX Corp, acquired 239 shares of common stock.
- The acquisition was made through the dividend reinvestment feature of the Phantom Stock Plan and the Deferred Fee Plan, as well as the election to defer annual cash retainer and other cash fees into RSUs.
- The price of the stock acquired was $140.13 per share.
- Following the transaction, Ream's direct ownership of GATX common stock increased to 46,380 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction of a director acquiring shares through standard compensation plans.
Positives
- Director's increased stake may signal confidence in the company's future.
Industry Context
Directors often receive stock as part of their compensation or purchase stock to align their interests with shareholders. This is a common practice.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Date of the GATX Corporation Directors' Voluntary Deferred Fee Plan Amended and Restated |
| 08/01/2024 | Date of transaction: Acquisition of 239 shares of GATX common stock |
| 08/05/2024 | Date of report filing |
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