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

Director Paul G. Yovovich reports the acquisition of 146 shares of phantom stock/RSUs in GATX Corp through dividend reinvestment.

Summary

• On May 1, 2024, Paul G. Yovovich, a director of GATX Corp, acquired 146 shares of phantom stock/RSUs at a price of $123.7375 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 39,530 shares of common stock.
• The phantom stock/RSUs are generally payable on a deferred basis in common stock 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 as it reflects a director increasing their stake in the company through a standard compensation mechanism.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

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 is a routine disclosure related to director compensation and holdings, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is related to director compensation.

Key Dates