ESOPApr 28, 2026, 04:38 PM
GATX Amends Incentive Plan, Adds 1.3M Shares for Awards
AI Summary
GATX Corporation has amended and restated its 2012 Incentive Award Plan, effective April 24, 2026, subject to shareholder approval. The updated plan increases the aggregate number of shares available for issuance by 1,300,000, bringing the total to 8,567,094 shares. This initiative aims to align the interests of the Board, Employees, and Consultants with shareholders and to attract and retain talent through various equity and cash-based awards.
Key Highlights
- Amended and Restated 2012 Incentive Award Plan effective April 24, 2026.
- Added 1,300,000 new shares for awards, subject to shareholder approval.
- Overall Share Limit increased to 8,567,094 shares.
- 2,756,885 shares available for new awards as of the Restatement Effective Date.
- Maximum 10,000,000 shares may be issued via Incentive Stock Options.
- Annual limit of 1,000,000 shares for Options/SARs per person.
- Annual limit of $750,000 for Non-Employee Director awards.
Price Impact
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