Form 4: Director Todd Maclin Reports Acquisition of Trinity Industries Phantom Stock Units
SEC Form 4 Filing
Todd Maclin, a director of Trinity Industries Inc., reports acquiring 1,122 Trinity Phantom Stock Units on March 31, 2024, under the company's Deferred Plan for Directors Fees.
Summary
- On March 31, 2024, Todd Maclin, a director of Trinity Industries Inc., acquired 1,122 Trinity Phantom Stock Units.
- The acquisition was made under the Trinity Industries, Inc. Deferred Plan for Directors Fees.
- These stock units are convertible to cash after the reporting person's retirement at a rate of one stock unit per one share of Trinity common stock.
- The price of the derivative security was $27.85.
- Following the transaction, Maclin directly owns 16,704 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock unit acquisition by a director.
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, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects director compensation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of Trinity Phantom Stock Units |
| 04/02/2024 | Date of signature for the Form 4 filing |
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