Ricardo Galvan - Oct 18, 2023 Form 4 Insider Report for GREENBRIER COMPANIES INC (GBX)

Role: SVP, GRS
Signature: By: Kim Moore, Attorney-In-Fact For: Ricardo Galvan
Stock symbol: GBX
Transactions as of: Oct 18, 2023
Transactions value $: -$128,645
Form type: 4
Date filed: 10/20/2023, 07:23 PM
Previous filing: Jan 13, 2023
Next filing: Oct 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GBX	Common Stock	Award	$0	+9.17K	+40.8%	$0.00	31.6K	Oct 18, 2023	Direct	F1, F2
transaction	GBX	Common Stock	Tax liability	-$92.7K	-2.16K	-6.83%	$42.89	29.5K	Oct 18, 2023	Direct	F3
transaction	GBX	Common Stock	Options Exercise	$0	-246	-0.83%	$0.00	29.2K	Oct 20, 2023	Direct	F4
transaction	GBX	Common Stock	Tax liability	-$35.9K	-884	-3.02%	$40.63	28.3K	Oct 20, 2023	Direct	F3

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	GBX	Phantom Shares	Award	$0	+782	+105.68%	$0.00	1.52K	Oct 18, 2023	Common Stock	782		Direct	F4
transaction	GBX	Phantom Shares	Options Exercise	$0	+246	+16.16%	$0.00	1.77K	Oct 20, 2023	Common Stock	246		Direct	F4

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

Explanation of Responses:

Id	Content
F1	The reported transaction involved the reporting person's receipt of a grant of time-vesting restricted stock units under The Greenbrier Companies 2021 Stock Incentive Plan and the vesting of performance-vesting restricted stock units granted under The Greenbrier Companies 2017 Amended and Restated Stock Incentive Plan.
F2	Amount of securities beneficially owned includes 570.4662 shares acquired through participation in The Greenbrier Companies Employee Stock Purchase Plan and 47.7893 shares acquired through dividend reinvestment. These shares were acquired on various dates and reflect acquisitions through October 20, 2023.
F3	Shares withheld in payment of tax liability incident to the vesting of restricted stock units.
F4	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.