Form 4: Trinity Industries Director Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Robert C. Biesterfeld Jr., a director of Trinity Industries, reported the acquisition of 952 Trinity Phantom Stock Units on March 31, 2024.
Summary
- Robert C. Biesterfeld Jr., a director of Trinity Industries Inc., filed a Form 4 on April 2, 2024, reporting a transaction.
- On March 31, 2024, Biesterfeld acquired 952 Trinity Phantom Stock Units at a price of $27.85.
- Following the transaction, Biesterfeld directly owns 6,361 Trinity Phantom Stock Units.
- These units were accrued under the Trinity Industries, Inc. Deferred Plan for Directors Fees and will be settled in cash after the reporting person's retirement.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
Settlement of the Trinity Phantom Stock Units account will be in cash after the reporting person's retirement.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's securities.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of 952 Trinity Phantom Stock Units. |
| 04/02/2024 | Date of Form 4 filing. |
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