Form 4: GATX Director Paul G. Yovovich Reports Acquisition of Phantom Stock

Director Paul G. Yovovich reports acquisition of 149 shares of phantom stock in GATX Corp through dividend reinvestment.

Summary

• On August 1, 2024, Paul G. Yovovich, a director of GATX Corp, acquired 149 shares of phantom stock at a price of $140.13 per share.
• These shares were acquired through the dividend reinvestment feature of the GATX Directors' Phantom Stock Plan and the GATX Corporation Directors' Voluntary Deferred Fee Plan Amended and Restated as of January 1, 2022.
• Following the transaction, Yovovich beneficially owns 39,680 shares of common stock.
• Each share of phantom stock/RSU represents the right to receive one share of Issuer's common stock upon settlement.
• 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.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. There are no indications of negative or concerning events.

Future Outlook

The 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

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates