William Glenn - 17 Oct 2025 Form 4 Insider Report for GREENBRIER COMPANIES INC (GBX)

Role: SVP & President, Europe
Signature: By: Kim Moore, Attorney-In-Fact For: William G. Glenn
Issuer symbol: GBX
Transactions as of: 17 Oct 2025
Net transactions value: $0
Form type: 4
Filing time: 20 Oct 2025, 19:28:30 UTC
Previous filing: 18 Feb 2025
Next filing: 24 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Glenn William	SVP & President, Europe	C/O THE GREENBRIER COMPANIES, INC., ONE CENTERPOINTE DRIVE, SUITE 200, LAKE OSWEGO	By: Kim Moore, Attorney-In-Fact For: William G. Glenn	20 Oct 2025	0001406328

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GBX	Common Stock	Options Exercise	$0	-2,701	-8.9%	$0.000000	27,552	17 Oct 2025	Direct	F1
transaction	GBX	Common Stock	Options Exercise	$0	-8,397	-30%	$0.000000	19,155	18 Oct 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	+2,701	+14%	$0.000000	21,619	17 Oct 2025	Common Stock	2,701		Direct	F1
transaction	GBX	Phantom Shares	Options Exercise	$0	+8,397	+39%	$0.000000	30,016	18 Oct 2025	Common Stock	8,397		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 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.

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 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.