CEO Robert Lyons was paid $8,178,380 in fiscal year 2025, ↑ up 19.5% from fiscal year 2024 (SEC filing 0001104659-26-027377 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
$8,178,380 ↑ Robert Lyons total, FY2025 | — CEO pay percentile vs peers | 92:1 CEO-to-median pay ratio | 98.54% Say-on-pay support, latest vote |
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GATX's next annual pay disclosure, estimated March 12, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Robert Lyons | $991,667 | — | $2,281,830 | $2,302,105 | $1,012,093 | $1,564,936 | $25,750 | $8,178,380 |
| President and Chief Executive Officer | ||||||||
| Thomas Ellman | 637,583 | 450,000 | 721,278 | 729,575 | 455,502 | 485,641 | 15,750 | 3,495,329 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Paul Titterton | 625,000 | 450,000 | 636,519 | 640,843 | 446,511 | 390,427 | 15,750 | 3,205,050 |
| Executive Vice President and President, Rail North America | ||||||||
| Brian Glassberg | 461,250 | 450,000 | 305,795 | 305,633 | 258,913 | 70,800 | 15,750 | 1,868,141 |
| Executive Vice President, General Counsel and Secretary | ||||||||
| Kim Nero | 443,533 | — | 265,909 | 266,196 | 309,954 | 45,451 | 15,750 | 1,346,793 |
| Executive Vice President and Chief Human Resources Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Robert Lyons | $8,178,380 | $6,846,635 | $6,472,498 | ↑ +1,331,745 |
| Thomas Ellman | 3,495,329 | 2,519,231 | 2,797,020 | ↑ +976,098 |
| Paul Titterton | 3,205,050 | 2,140,182 | 2,059,073 | ↑ +1,064,868 |
| Brian Glassberg | 1,868,141 | 1,311,407 | 1,152,662 | ↑ +556,734 |
| Kim Nero | 1,346,793 | 1,252,400 | 1,183,491 | ↑ +94,393 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses GATX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named GATX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2025 total |
|---|---|---|
| Paul Titterton | EVP | $3,205,050 |
| Brian Glassberg | General Counsel | $1,868,141 |
| Kim Nero | Executive | $1,346,793 |
| Robert Lyons | CEO | $8,178,380 |
| Thomas Ellman | CFO | $3,495,329 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Adam L. Stanley | Independent Director | $236,898 |
| Anne L. Arvia | Independent Director | $239,936 |
| David S. Sutherland | Independent Director | $35,833 |
| Diane M. Aigotti | Independent Director | $247,436 |
| James B. Ream | Chair of the Board | $299,936 |
| John M. Holmes | Independent Director | $224,936 |
| Paul G. Yovovich | Independent Director | $224,936 |
| Robert S. Wetherbee | Independent Director | $147,945 |
| Shelley J. Bausch | Independent Director | $224,936 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Paul Titterton | PSU | 2025-01-30 | 958 | 3,830 | — | 7,660 | $636,519 |
| Brian Glassberg | PSU | 2025-01-30 | 460 | 1,840 | — | 3,680 | 305,795 |
| Robert Lyons | PSU | 2025-01-30 | 3,433 | 13,730 | — | 27,460 | 2,281,830 |
| Kim Nero | PSU | 2025-01-30 | 400 | 1,600 | — | 3,200 | 265,909 |
| Thomas Ellman | PSU | 2025-01-30 | 1,085 | 4,340 | — | 8,680 | 721,278 |
| Brian Glassberg | OPTION | 2025-01-30 | — | — | 6,200 | — | 305,633 |
| Paul Titterton | OPTION | 2025-01-30 | — | — | 13,000 | — | 640,843 |
| Kim Nero | OPTION | 2025-01-30 | — | — | 5,400 | — | 266,196 |
| Thomas Ellman | OPTION | 2025-01-30 | — | — | 14,800 | — | 729,575 |
| Robert Lyons | OPTION | 2025-01-30 | — | — | 46,700 | — | 2,302,105 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Paul Titterton | $0 | $636,519 | $640,843 | 49.8% |
| Brian Glassberg | 0 | 305,795 | 305,633 | 50.0% |
| Robert Lyons | 0 | 2,281,830 | 2,302,105 | 49.8% |
| Kim Nero | 0 | 265,909 | 266,196 | 50.0% |
| Thomas Ellman | 0 | 721,278 | 729,575 | 49.7% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Paul Titterton | Option | 10,100 | 103.15 | — |
| Robert Lyons | PSU | 16,280 | — | 2,761,088 |
| Thomas Ellman | Option | 10,134 | 126.47 | — |
| Robert Lyons | PSU | 13,730 | — | 2,328,608 |
| Paul Titterton | Option | 7,734 | 126.47 | — |
| Thomas Ellman | PSU | 5,540 | — | 939,584 |
| Brian Glassberg | PSU | 1,840 | — | 312,064 |
| Thomas Ellman | Option | 17,200 | 103.15 | — |
| Thomas Ellman | PSU | 4,340 | — | 736,064 |
| Robert Lyons | Option | 29,800 | 126.47 | — |
| Paul Titterton | PSU | 4,230 | — | 717,408 |
| Paul Titterton | PSU | 3,830 | — | 649,568 |
| Brian Glassberg | PSU | 2,200 | — | 373,120 |
| Kim Nero | PSU | 2,110 | — | 357,856 |
| Kim Nero | PSU | 1,600 | — | 271,360 |
| Brian Glassberg | Option | 1,867 | 113.28 | — |
| Robert Lyons | Option | 46,700 | 166.19 | — |
| Robert Lyons | Option | 14,567 | 113.28 | — |
| Robert Lyons | Option | 45,000 | 103.15 | — |
| Robert Lyons | Option | 17,100 | 91.36 | — |
| Thomas Ellman | Option | 5,000 | 113.28 | — |
| Robert Lyons | Option | 18,200 | 77.07 | — |
| Thomas Ellman | Option | 17,100 | 91.36 | — |
| Thomas Ellman | Option | 14,800 | 166.19 | — |
| Thomas Ellman | Option | 18,200 | 77.07 | — |
| Paul Titterton | Option | 13,000 | 166.19 | — |
| Brian Glassberg | Option | 1,600 | 103.15 | — |
| Paul Titterton | Option | 3,134 | 113.28 | — |
| Brian Glassberg | Option | 6,200 | 166.19 | — |
| Brian Glassberg | Option | 4,067 | 126.47 | — |
| Brian Glassberg | Option | 2,200 | 91.36 | — |
| Brian Glassberg | Option | 2,000 | 77.07 | — |
| Kim Nero | Option | 5,400 | 166.19 | — |
| Kim Nero | Option | 3,867 | 126.47 | — |
| Kim Nero | Option | 1,967 | 113.28 | — |
| Kim Nero | Option | 6,800 | 103.15 | — |
| Kim Nero | Option | 5,300 | 98.11 | — |
Our executive compensation program is designed and managed by our Compensation Committee to motivate and retain management through each stage of the business cycle, including both strong and weak railcar leasing environments. The Compensation Committee sets goals intended to align executive compensation with the appropriate achievement of our dual goals of growth and return at various points in the business cycle.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pay Governance LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-24 | 32,305,678 | 477,627 | 50,143 | 98.54% | Passed |
| 2025 | 2025-04-25 | 32,180,850 | 458,662 | 79,714 | 98.59% | Passed |
| 2024 | 2024-04-26 | 32,049,856 | 795,618 | 71,269 | 97.58% | Passed |
| 2023 | 2023-04-28 | 31,218,298 | 944,512 | 79,996 | 97.06% | Passed |
| 2022 | 2022-04-22 | 31,149,727 | 873,969 | 61,910 | 97.27% | Passed |
| 2021 | 2021-04-23 | 31,415,938 | 826,244 | 70,636 | 97.44% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-04-24 | 98.54%a |
| 2025 | 2025-04-25 | 98.59%b |
| 2024 | 2024-04-26 | 97.58%c |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast and will have no effect on the outcome of this Proposal 2.”.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 92 : 1 |
|---|---|
| CEO total compensation | $6,846,635 |
| Median employee compensation | $74,025 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| James B. ReamIndependent · Board Chair | $165,000 | $134,936 | — | — | — | $299,936 |
| Diane M. AigottiIndependent · Audit Committee (Chair) | 112,500 | 134,936 | — | — | — | 247,436 |
| Anne L. ArviaIndependent · Governance Committee (Chair) | 105,000 | 134,936 | — | — | — | 239,936 |
| Adam L. StanleyIndependent · Compensation Committee (Chair) | 101,962 | 134,936 | — | — | — | 236,898 |
| John M. HolmesIndependent · Board of Directors · Audit | 90,000 | 134,936 | — | — | — | 224,936 |
| Shelley J. BauschIndependent · Board of Directors · Audit · Governance | 90,000 | 134,936 | — | — | — | 224,936 |
| Paul G. YovovichIndependent · Board of Directors · Compensation · Governance | 90,000 | 134,936 | — | — | — | 224,936 |
| Robert S. WetherbeeIndependent · Board of Directors · Audit · Compensation · Newly elected | 42,147 | 105,798 | — | — | — | 147,945 |
| David S. SutherlandIndependent | 35,833 | — | — | — | — | 35,833 |
| Robert C. LyonsEmployee director · Board of Directors | — | — | — | — | — | 0 |
| Annual cash retainer | $90,000 |
|---|---|
| Annual equity retainer | $135,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 22,500 / 17,500 / 15,000 |
| Stock ownership guideline | $5 |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $832,442 |
| Equity awards (grant-date value) | $1,050,350 |
| All other compensation | $0 |
| Total cost of the board | $1,882,792 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | GATX Corp | 2025 | Robert Lyons | $991,667 | $2,281,830 | $2,302,105 | $1,012,093 | $8,178,380 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Robert Lyons | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Summary Compensation Table” · page 57. As printed: 8,178,380. Filing ↗ |
| 2 | Section 01, Thomas Ellman | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Summary Compensation Table” · page 57. As printed: 3,495,329. Filing ↗ |
| 3 | Section 01, Paul Titterton | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Summary Compensation Table” · page 57. As printed: 3,205,050. Filing ↗ |
| 4 | Section 01, Brian Glassberg | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Summary Compensation Table” · page 57. As printed: 1,868,141. Filing ↗ |
| 5 | Section 01, Kim Nero | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Summary Compensation Table” · page 57. As printed: 1,346,793. Filing ↗ |
| 6 | Section 03, Paul Titterton PSU | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1453931–1453938 |
| 7 | Section 03, Brian Glassberg PSU | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1472060–1472067 |
| 8 | Section 03, Robert Lyons PSU | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1416323–1416332 |
| 9 | Section 03, Kim Nero PSU | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1491526–1491533 |
| 10 | Section 03, Thomas Ellman PSU | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1434455–1434462 |
| 11 | Section 03, Brian Glassberg OPTION | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1466038–1466045 |
| 12 | Section 03, Paul Titterton OPTION | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1447436–1447443 |
| 13 | Section 03, Kim Nero OPTION | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1485031–1485038 |
| 14 | Section 03, Thomas Ellman OPTION | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1428431–1428438 |
| 15 | Section 03, Robert Lyons OPTION | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 1409822–1409831 |
| 16 | Section 07, pay ratio | DEF 14A | 2025-03-14 | 0001558370-25-002966 | Section “CEO Pay Ratio”. As printed: 92 : 1. Filing ↗ |
| 17 | Section 08, James B. Ream | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 299,936. Filing ↗ |
| 18 | Section 08, Diane M. Aigotti | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 247,436. Filing ↗ |
| 19 | Section 08, Anne L. Arvia | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 239,936. Filing ↗ |
| 20 | Section 08, Adam L. Stanley | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 236,898. Filing ↗ |
| 21 | Section 08, John M. Holmes | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 224,936. Filing ↗ |
| 22 | Section 08, Shelley J. Bausch | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 224,936. Filing ↗ |
| 23 | Section 08, Paul G. Yovovich | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 224,936. Filing ↗ |
| 24 | Section 08, Robert S. Wetherbee | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 147,945. Filing ↗ |
| 25 | Section 08, David S. Sutherland | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 35,833. Filing ↗ |
| 26 | Section 08, Robert C. Lyons | DEF 14A | 2026-03-13 | 0001104659-26-027377 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 27 | Section 06, 2026 vote | Form 8-K | 2026-04-28 | 0000040211-26-000038 | Item 5.07 · say-on-pay result. As reported: 98.54% (votes for as printed: 32,305,678). Filing ↗ |
| 28 | Section 06, 2025 vote | Form 8-K | 2025-04-30 | 0000040211-25-000049 | Item 5.07 · say-on-pay result. As reported: 98.59% (votes for as printed: 32,180,850). Filing ↗ |
| 29 | Section 06, 2024 vote | Form 8-K | 2024-04-30 | 0000040211-24-000042 | Item 5.07 · say-on-pay result. As reported: 97.58% (votes for as printed: 32,049,856). Filing ↗ |
| 30 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 31 | Section 03b vehicle mix (computed) | Computed | — | — | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 32 | Section 09b board cost (computed) | Computed | — | — | Cash 832,442 + equity 1,050,350 + all other 0 = 1,882,792, summed across the director compensation table rows.machine: formula: Σ = 1,882,792 |
| 33 | GATX Corp (subject), Section 10b CEO total | DEF 14A | 2026-03-13 | 0001104659-26-027377 | CEO total compensation as printed in GATX Corp's own proxy. As printed: 8,178,380. Filing ↗ |