Form 4: Greenbrier Companies CEO Lorie Tekorius Reports Stock Transactions
SEC Form 4
Lorie Tekorius, CEO of Greenbrier Companies, reports acquisition of restricted stock units and disposal of shares to cover tax obligations.
Summary
- On October 17, 2024, Lorie Tekorius, CEO and President of Greenbrier Companies, received 32,408 restricted stock units under the company's 2021 Stock Incentive Plan.
- On October 18 and 20, 2024, Tekorius disposed of 11,690 and 2,166 shares of common stock, respectively, to cover tax liabilities associated with the vesting of restricted stock units.
- The weighted average share price for the October 18 transaction was $52.64, and for the October 20 transaction, it was $52.09.
- Following these transactions, Tekorius directly owns 263,143.7302 shares of Greenbrier Companies common stock.
Sentiment
Score: 5
Explanation: The document reflects standard insider trading activity related to stock-based compensation, with no indication of unusual or concerning behavior. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company leadership.
Key Dates
| Date | Description |
|---|---|
| 10/17/2024 | Lorie Tekorius received a grant of 32,408 time-vesting restricted stock units. |
| 10/18/2024 | 11,690 shares of common stock were disposed of to cover tax liability at $52.64. |
| 10/20/2024 | 2,166 shares of common stock were disposed of to cover tax liability at $52.09. |
| 10/21/2024 | Date of signature for the Form 4 filing. |
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