GATX - Insider Decision: Thomas A Ellman Exercises Options At GATX For $952K | Benzinga
On February 1, it was revealed in an SEC filing that Thomas A Ellman, EVP & CFO at GATX (NYSE:GATX) executed a significant exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Ellman, EVP & CFO at GATX, executed a strategic derivative sale. This involved exercising stock options for 18,000 shares of GATX, resulting in a transaction value of $952,470.
During Thursday's morning session, GATX shares up by 0.07%, currently priced at $122.74. Considering the current price, Ellman's 18,000 shares have a total value of $952,470.
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.
Understanding the Numbers: GATX's Finances
Revenue Growth: GATX displayed positive results in 3 months. As of 31 ...