Form 4: Director Biesterfeld Reports Trinity Industries Phantom Stock Unit Transaction

Robert C. Biesterfeld Jr., a director of Trinity Industries, reports the acquisition of phantom stock units under the company's deferred plan for directors' fees.

Summary

• Robert C. Biesterfeld Jr., a director of Trinity Industries Inc., filed a Form 4 on July 2, 2024, reporting a transaction involving Trinity Phantom Stock Units.
• On June 30, 2024, Biesterfeld acquired 0 Trinity Phantom Stock Units at $29.92.
• These units were accrued under the Trinity Industries, Inc. Deferred Plan for Directors Fees and are convertible to cash after retirement at a 1-for-1 rate based on the Trinity common stock price.
• Following the reported transaction, Biesterfeld beneficially owns 7,256 shares of Trinity common stock directly.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

Settlement of the account will be in cash after the reporting person's retirement.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, typical for publicly traded companies.

Related Party Transactions

• The Trinity Phantom Stock Units were accrued under the Trinity Industries, Inc. Deferred Plan for Directors Fees, indicating a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and does not involve immediate cash outlay by the company.

Key Dates