GATX - At GATX Jeffery R Young Chooses To Exercise Options Resulting In $62K | Benzinga
Disclosed in a recent SEC filing on February 2, Young, SVP at GATX (NYSE:GATX), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Young, SVP at GATX, made a strategic move by exercising stock options for 3,101 shares of GATX as detailed in a Form 4 filing on Friday with the U.S. Securities and Exchange Commission. The transaction value amounted to $62,147.
The latest update on Friday morning shows GATX shares down by 0.0%, trading at $123.18. At this price, Young's 3,101 shares are worth $62,147.
Delving into GATX's Background
GATX Corp is a provider of railcar leasing and maintenance services. GATX operates four business segments: rail North America, rail international, and portfolio management. The rail business offers railcar leasing and maintenance, as well as asset-related, financial, and management services. The company owns and leases fleets in North America, Europe, and Asia, which consist of tank and freight railcars. Industries served to include refining and petroleum, chemicals and plastics, railroads and other transportation, mining, and food and agriculture.
A Deep Dive into GATX's Financials
Revenue Growth: GATX displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth ...