Graeme Jack - Jan 5, 2025 Form 4 Insider Report for GREENBRIER COMPANIES INC (GBX)

Role: Director
Signature: By: Kim Moore, Attorney-In-Fact For: Graeme A. Jack
Stock symbol: GBX
Transactions as of: Jan 5, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/7/2025, 06:52 PM
Previous filing: Dec 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GBX	Common Stock	Options Exercise	$0	-4K	-13.59%	$0.00	25.4K	Jan 5, 2025	Direct	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	GBX	Phantom Shares	Options Exercise	$0	+4K	+10.01%	$0.00	43.9K	Jan 5, 2025	Common Stock	4K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	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 or stock upon the reporting person's termination of service and may be transferred by the reporting person into an alternative investment account at any time. In addition, 39,930 shares previously included in Column 5 in Table I as indirectly owned by Trust are now being reported as phantom shares in Table II.

Content

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 or stock upon the reporting person's termination of service and may be transferred by the reporting person into an alternative investment account at any time. In addition, 39,930 shares previously included in Column 5 in Table I as indirectly owned by Trust are now being reported as phantom shares in Table II.