Form 4: Trinity Industries CEO Jean Savage Transfers Shares to Revocable Trust
SEC Form 4 Filing
Trinity Industries CEO Jean Savage transferred shares to a revocable trust on September 11, 2024.
Summary
- On September 11, 2024, Jean Savage, the President & CEO and a Director of Trinity Industries Inc., transferred 249,606 shares of common stock to a revocable trust.
- The same number of shares, 249,606, were acquired by the Jean Savage Trust March 20, 2019.
- Following the transaction, Ms. Savage directly owns 156,402 shares and the Jean Savage Trust owns 249,606 shares.
- The transfer was executed at a price of $0 per share, indicating a gift or transfer rather than a sale.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a share transfer to a trust, which is neither inherently positive nor negative.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions involving the company's securities.
Stakeholder Impact
- The transfer of shares to a revocable trust may have implications for estate planning but does not directly impact shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| March 20, 2019 | Date of the Jean Savage Trust |
| 09/11/2024 | Date of the share transfer to the revocable trust |
| 09/12/2024 | Date of signature on the report |
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