Form 4: Greenbrier Companies Director Thomas Fargo Receives Additional Restricted Stock Units Due to Dividend Equivalent Rights

Director Thomas Fargo of Greenbrier Companies received 16 restricted stock units due to dividend equivalent rights, which will vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting.

Summary

• Thomas B. Fargo, a director of Greenbrier Companies, Inc., received 16 restricted stock units on May 13, 2025.
• These units were granted automatically due to dividend equivalent rights associated with underlying restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of GBX common stock.
• The restricted stock units will vest on the earlier of the first anniversary of the grant date or the date of the next annual shareholder meeting.
• Following the transaction, Fargo directly owns 2,494 shares of Greenbrier Companies stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating stability and alignment of interests. It is neither overwhelmingly positive nor negative.

Positives

• The grant of restricted stock units due to dividend equivalent rights indicates a continued investment in the company by its directors.
• The vesting schedule aligns with the company's performance and shareholder interests.

Future Outlook

The restricted stock units will vest on the earlier of the first anniversary of the grant date or the date of the next annual shareholder meeting.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies to incentivize and retain key personnel.
• Companies like Trinity Industries and FreightCar America, which operate in similar industries, also utilize stock-based compensation as part of their executive compensation packages.
• The specific terms of these grants, such as vesting schedules and dividend equivalent rights, can vary based on company performance and industry benchmarks.

Stakeholder Impact

• The grant of restricted stock units aligns the interests of the director with those of the shareholders.
• This type of compensation can incentivize the director to work towards increasing shareholder value.

Next Steps

• The restricted stock units will vest on the earlier of the first anniversary of the grant date or the date of the next annual shareholder meeting.

Key Dates

Keywords

Restricted Stock Units, Dividend Equivalent Rights, Form 4, Greenbrier Companies, Director, GBX, Thomas Fargo, Beneficial Ownership, Securities