Form 4: Greenbrier Companies Executive William Glenn Reports Phantom Stock Acquisition

William Glenn, SVP & President, Europe at Greenbrier Companies, reports acquiring phantom stock units equivalent to 10,902 shares of common stock due to vesting of restricted stock units.

Summary

• On October 16, 2024, William Glenn, SVP & President, Europe at Greenbrier Companies, acquired 10,902 phantom stock units.
• This acquisition resulted from the vesting of restricted stock units, with the receipt of common stock deferred in favor of phantom stock under the company's deferred compensation plan.
• Each phantom share is equivalent to one share of common stock and will be payable in cash upon termination of employment.
• Following the transaction, Glenn directly owns 27,858 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine executive compensation transaction.

Positives

• The vesting of restricted stock units indicates a positive performance evaluation for the executive.
• The deferred compensation plan allows for long-term alignment of executive interests with the company's performance.

Future Outlook

The phantom stock becomes payable in cash upon the reporting person's termination of employment with the Company.

Industry Context

Executive compensation practices, including the use of restricted stock units and deferred compensation plans, are common in publicly traded companies to incentivize and retain key personnel.

Comparison to Industry Standards

• Many companies in the manufacturing and transportation sectors use similar equity-based compensation plans.
• These plans often include restricted stock units, stock options, and phantom stock to align executive interests with shareholder value.
• The specific terms and conditions of these plans vary depending on the company's size, performance, and industry.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects ongoing executive compensation arrangements.

Key Dates