Glenn William sold GBX
February 13, 2025 · Form 4 insider transaction
Glenn William sold 12,000 shares of The Greenbrier Companies, Inc. at $60.94 per share, a transaction worth $731.3K. The trade was recorded as i and disclosed on an SEC Form 4, filed 5 days after the transaction.
Footnotes
Upon the vesting of restricted stock units, the reporting person deferred the receipt of shares of common stock and received instead an equal number of shares of phantom stock pursuant to the Company's deferred compensation plan. Each phantom share is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of employment with the Company, and may be transferred by the reporting person into an alternative investment account at any time.; The reporting person transferred into an alternative investment account the cash value of 12,000 shares of phantom stock held under the Company's deferred compensation plan. The transfer resulted in the sale of shares by the Company's deferred compensation plan on behalf of the reporting person.