GATX CORP
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 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 third quarter of 2025, we repurchased 9,772 shares of common stock for $1.5 million under the share repurchase program compared to 96,356 share repurchases for $12.9 million completed during the third quarter of 2024. As of September 30, 2025, $46.5 million remained available under the repurchase authorization.
The following is a summary of common stock repurchases completed by month during the third 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) |
| July 1, 2025 - July 31, 2025 | 1,952 | $154.00 | 1,952 | $47.8 |
| August 1, 2025 - August 31, 2025 | 7,820 | $155.78 | 7,820 | $46.5 |
| September 1, 2025 - September 30, 2025 | — | $— | — | $46.5 |
| Total | 9,772 | $155.43 | 9,772 | |
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