GATX CORP
For the period ended Jun 30, 2025. Filed Jul 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 29, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On January 25, 2019, our board of directors approved a $300.0 million share repurchase program, pursuant to which we are authorized to purchase shares of our common stock in the open market, in privately negotiated transactions, or otherwise, including pursuant to Rule 10b5-1 plans. The share repurchase authorization does not have an expiration date, does not obligate the Company to repurchase any dollar amount or number of shares of common stock, and may be suspended or discontinued at any time. The timing of share repurchases will be dependent on market conditions and other factors.
During the second quarter of 2025, we repurchased 103,891 shares of common stock for $15.2 million under the share repurchase program compared to 33,300 share repurchases for $4.3 million completed during the second quarter of 2024. As of June 30, 2025, $48.1 million remained available under the repurchase authorization.
The following is a summary of common stock repurchases completed by month during the second quarter of 2025:
| Issuer Purchases of Equity Securities | ||||
|---|---|---|---|---|
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions) |
| April 1, 2025 - April 30, 2025 | 100,125 | $145.83 | 100,125 | $48.6 |
| May 1, 2025 - May 31, 2025 | 2,556 | $145.45 | 2,556 | $48.2 |
| June 1, 2025 - June 30, 2025 | 1,210 | $155.96 | 1,210 | $48.1 |
| Total | 103,891 | $145.93 | 103,891 | |
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