Form 4: GATX Director James B. Ream Reports Acquisition of Common Stock

Director James B. Ream reports acquisition of GATX Corp common stock through dividend reinvestment and deferred fee plan.

Summary

• On May 1, 2024, James B. Ream, a director of GATX Corp, acquired 238 shares of common stock.
• The acquisition was made through the GATX Directors' Phantom Stock Plan and the GATX Corporation Directors' Voluntary Deferred Fee Plan.
• The price per share was $123.7375.
• Following the transaction, Ream beneficially owns 46,140 shares of GATX common stock.
• The acquired shares include 172 shares from dividend reinvestment and 66 RSUs from deferred cash retainer and fees.

Sentiment

Score: 7

Explanation: Director's stock acquisition is generally a positive sign, indicating confidence in the company. The use of deferred compensation plans is also a common and accepted practice.

Positives

• Director's participation in dividend reinvestment and deferred fee plan indicates confidence in the company's future.

Future Outlook

The shares of phantom stock/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 acquiring company stock through plans like Phantom Stock and Deferred Fee Plans is a common practice to align their interests with shareholders.

Stakeholder Impact

• The transaction signals director's confidence in GATX, which can positively influence shareholder sentiment.

Key Dates