Robert C. Biesterfeld Jr. - 23 Jun 2022 Form 4 Insider Report for TRINITY INDUSTRIES INC (TRN)

Role: Director
Signature: Phillip M. Kim For: Robert C. Biesterfeld Jr.
Issuer symbol: TRN
Transactions as of: 23 Jun 2022
Net transactions value: +$28,124
Form type: 4
Filing time: 03 Jan 2025, 16:46:49 UTC
Previous filing: 16 Jun 2022
Next filing: 09 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NYSE/TRN	Common Stock	Purchase	$1,168	+49		$23.84	49	23 Jun 2022	By the Robert C. Biesterfeld Jr. Revocable Trust	F1
transaction	NYSE/TRN	Common Stock	Sale	$811	-38	-78%	$21.35	11	30 Sep 2022	By the Robert C. Biesterfeld Jr. Revocable Trust	F1
transaction	NYSE/TRN	Common Stock	Purchase	$529	+24	+218%	$22.06	35	17 Mar 2023	By the Robert C. Biesterfeld Jr. Revocable Trust	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NYSE/TRN	Trinity Phantom Stock Units	Award	$27,238	+776	+9.7%	$35.10	8,808	31 Dec 2024	Common Stock	776	$0.000000	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Biesterfeld holds 35 shares of the common stock of Trinity Industries, Inc. (the "Company") through the Robert C. Biesterfeld Jr. Revocable Trust, of which he is the trustee and beneficiary. The trust's investments are actively managed by a third-party investment manager. At the time Mr. Biesterfeld joined the Company's Board of Directors on September 7, 2022, the trust held 49 shares of Company stock, which were inadvertently omitted from the Form 3 filed regarding his initial ownership of Company stock. The third-party investment manager erroneously executed the transactions described above during September 2022 and March 2023 contrary to Mr. Biesterfeld's instructions. Ownership of these shares and the related transactions were recently discovered, leading to this disclosure.
F2	The Trinity Phantom Stock Units were accrued under the Trinity Industries, Inc. Deferred Plan for Directors Fees. Stock units are converted at "1 - for - 1" (a rate of one stock unit per one share of Trinity common stock). Settlement of the account will be in cash after the reporting person's retirement.

Content

Mr. Biesterfeld holds 35 shares of the common stock of Trinity Industries, Inc. (the "Company") through the Robert C. Biesterfeld Jr. Revocable Trust, of which he is the trustee and beneficiary. The trust's investments are actively managed by a third-party investment manager. At the time Mr. Biesterfeld joined the Company's Board of Directors on September 7, 2022, the trust held 49 shares of Company stock, which were inadvertently omitted from the Form 3 filed regarding his initial ownership of Company stock. The third-party investment manager erroneously executed the transactions described above during September 2022 and March 2023 contrary to Mr. Biesterfeld's instructions. Ownership of these shares and the related transactions were recently discovered, leading to this disclosure.

The Trinity Phantom Stock Units were accrued under the Trinity Industries, Inc. Deferred Plan for Directors Fees. Stock units are converted at "1 - for - 1" (a rate of one stock unit per one share of Trinity common stock). Settlement of the account will be in cash after the reporting person's retirement.