Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-04

Trinity Industries (TRN)

CEO E. Jean Savage was paid $7,480,164 in fiscal year 2025, ↑ up 4.4% from fiscal year 2024, the 33rd percentile of its disclosed peer group (SEC filing 0000099780-26-000024 ↗): 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.

$7,480,164 ↑
E. Jean Savage total, FY2025
33rd
CEO pay percentile vs peers
220:1
CEO-to-median pay ratio
95.85%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- E. Jean Savage (Chief Executive Officer and President), FY2025 total compensation $7,480,164 (base salary $1,000,000) [exec_comp, SEC accession 0000099780-26-000024, filed 2026-04-09]

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TRN's next annual pay disclosure, estimated April 15, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
E. Jean Savage$1,000,000$0$4,280,635$0$2,136,000$19,468$44,061$7,480,164
Chief Executive Officer and President
Eric Marchetto635,57601,122,4040890,00014,60575,6552,738,240
Executive Vice President and Chief Financial Officer
Gregory Mitchell549,0160783,0500640,800036,7602,009,626
Former Executive Vice President, Leasing and Services
Kevin Poet550,2310783,0500624,600040,9211,998,802
Executive Vice President, Operations and Support Services
Scott Ewing460,7820548,1770542,900021,0001,572,859
Executive Vice President and Chief Legal 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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
E. Jean Savage$7,480,164$7,162,779$5,729,556↑ +317,385
Eric Marchetto2,738,2402,631,3121,936,684↑ +106,928
Gregory Mitchell2,009,6261,958,0291,557,224↑ +51,597
Kevin Poet1,998,8021,957,9961,557,315↑ +40,806
Scott Ewing1,572,8591,375,098—↑ +197,761

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against TRN
14 companies name TRN as a compensation peer

Each company listed discloses TRN 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 TRN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

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.

ExecutiveRoleFY2025 total
E. Jean SavageCEO$7,480,164
Gregory MitchellExecutive$2,009,626
Kevin PoetEVP$1,998,802
Scott EwingGeneral Counsel$1,572,859
Eric MarchettoCFO$2,738,240
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Dunia A. ShiveIndependent Director$259,511
John J. DiezIndependent Director$255,511
Leldon E. EcholsChair of the Board$492,723
Robert C. Biesterfeld JrIndependent Director$255,391
S. Todd MaclinIndependent Director$276,159
Veena M. LakkundiIndependent Director$240,511
William P. AinsworthIndependent Director$263,011
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Eric MarchettoPSU2025-01-022,7589,194—18,388$410,328
Gregory MitchellPSU2025-01-021,9246,414—12,828286,257
Scott EwingRSU2025-05-15——7,793—210,021
Scott EwingPSU2025-05-151,7545,845—11,690137,767
Eric MarchettoPSU2025-05-153,59011,967—23,934282,062
Gregory MitchellPSU2025-05-152,5058,349—16,698196,786
Kevin PoetPSU2025-01-021,9246,414—12,828286,257
E. Jean SavagePSU2025-01-0210,51935,063—70,1261,564,862
E. Jean SavageRSU2025-05-15——60,854—1,640,015
Scott EwingPSU2025-01-021,3474,490—8,980200,389
Gregory MitchellRSU2025-05-15——11,132—300,007
E. Jean SavagePSU2025-05-1513,69245,641—91,2821,075,758
Kevin PoetPSU2025-05-152,5058,349—16,698196,786
Kevin PoetRSU2025-05-15——11,132—300,007
Eric MarchettoRSU2025-05-15——15,956—430,014
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Eric Marchetto$430,014$692,390$061.7%
Gregory Mitchell300,007483,043061.7%
Scott Ewing210,021338,156061.7%
Kevin Poet300,007483,043061.7%
E. Jean Savage1,640,0152,640,620061.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
E. Jean SavagePSU163,260—$4,316,594
E. Jean SavageRSU141,545—3,742,450
E. Jean SavagePSU126,345—3,340,562
E. Jean SavageRSU117,798—3,114,579
Eric MarchettoRSU46,803—1,237,471
Eric MarchettoPSU44,182—1,168,172
Gregory MitchellRSU38,754—1,024,656
Eric MarchettoRSU37,925—1,002,737
Eric MarchettoPSU33,128—875,904
Gregory MitchellPSU30,298—801,079
Kevin PoetPSU30,298—801,079
Gregory MitchellRSU26,600—703,304
Kevin PoetRSU26,600—703,304
Gregory MitchellPSU23,112—611,081
Kevin PoetPSU23,112—611,081
Kevin PoetRSU21,754—575,176
Scott EwingPSU18,938—500,721
Scott EwingPSU16,180—427,799
Scott EwingRSU14,112—373,121
Scott EwingRSU7,602—200,997
E. Jean SavageOption300,00021.61—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation philosophy is pay for performance, which emphasizes 'at risk' compensation that is earned upon achievement of performance-based goals and significantly influenced by share performance. The program is designed to align executives' interests with those of the Company's stockholders and motivate them to create long-term stockholder value.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2163,091,9931,030,1711,702,92895.85%Passed
20252025-05-1566,063,037837,395239,36898.4%Passed
20242024-05-2067,472,4761,344,733156,87397.82%Passed
20232023-05-0865,407,6382,210,971184,56396.47%Passed
20222022-05-0965,655,2061,388,911199,48197.64%Passed
20212021-05-0391,283,6922,190,263308,85197.34%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2195.85%a
20252025-05-1598.4%b
20242024-05-2097.82%c

a. Approved under the standard stated in the filing — “02 Advisory vote to approve named executive officer compensation Affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the subject matter An abstention will effectively count as a vote cast against this proposal.”.

b. Approved under the standard stated in the filing — “02 Advisory vote to approve named executive officer compensation Affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the subject matter An abstention will effectively count as a vote cast against this proposal.”.

c. Approved under the standard stated in the filing — “02 Advisory vote to approve named executive officer compensation Affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the subject matter An abstention will effectively count as a vote cast against this proposal.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)220 : 1
CEO total compensation—
Median employee compensation$33,931
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Leldon E. EcholsIndependent · Board Chair · Audit · Human Resources$192,500$213,013——$87,210$492,723
S. Todd MaclinIndependent · Finance and Risk Committee (Chair)107,500138,011——30,648276,159
William P. AinsworthIndependent · Human Resources Committee (Chair)120,000138,011——5,000263,011
Dunia A. ShiveIndependent · Audit Committee (Chair)120,000138,011——1,500259,511
John J. DiezIndependent · Corporate Governance and Directors Nominating Committee (Chair)117,500138,011——0255,511
Robert C. Biesterfeld JrIndependent · Finance and Risk · Human Resources100,000138,011——17,380255,391
Veena M. LakkundiIndependent · Audit102,500138,011——0240,511
E. Jean SavageEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$138,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 15,000
Stock ownership guidelineThe named executive officers and the directors are all in compliance with the Company’s stock ownership requirements or are within the time period allowed to achieve compliance.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$860,000
Equity awards (grant-date value)$1,041,079
All other compensation$141,738
Total cost of the board$2,042,817

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Trinity Industries names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Trinity Industries.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Westinghouse Air Brake Technologies Corporation2025Rafael Santana$1,400,000$20,027,022—$4,724,580$26,181,461
2Willis Lease Finance Corporation2025Austin Willis850,66214,637,0600019,209,005
3Oshkosh Corporation2025John C. Pfeifer1,243,84710,000,03101,314,86412,935,995
4United Rentals, Inc.2025Matthew Flannery1,187,6719,080,47401,767,65612,057,571
5Spirit AeroSystems Holdings, Inc.2024Patrick Shanahan2,000,0008,959,4750011,457,523
6Ryder System, Inc.2025Robert Sanchez1,100,0017,159,49501,675,89410,178,386
7AAR Corporation2026John Holmes1,115,0004,637,8941,159,3102,408,4009,867,963
8Air Lease Corporation2025John Plueger1,000,0005,313,82902,820,0009,399,534
9Herc Holdings Inc.2025Lawrence Silber1,056,5385,500,03701,484,0008,289,126
10GATX Corporation2025Robert Lyons991,6672,281,8302,302,1051,012,0938,178,380
11Allison Transmission Holdings, Inc.2025David Graziosi1,116,0003,947,5711,925,719918,5548,028,346
12The Greenbrier Companies, Inc.2025Lorie Tekorius1,016,6674,535,53701,949,0727,706,230
13Trinity Industries2025E. Jean Savage1,000,0004,280,63502,136,0007,480,164
14Terex Corporation2025Simon Meester961,5385,203,3180840,6097,294,990
15H&E Equipment Services, Inc2023Bradley W. Barber907,6923,599,9240—6,295,836
16Wabash National Corporation2025Brent Yeagy1,116,9234,315,5890205,8275,717,526
17The Manitowoc Company, Inc.2025Aaron Ravenscroft1,005,3853,184,4070785,2555,052,437
18Astec Industries, Inc.2025Jaco van der Merwe836,5392,244,3700779,4554,030,731
19FreightCar America, Inc2025Nicholas Randall605,000453,746449,219503,7362,032,701
—VSE Corporation——————not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Trinity Industriesnot disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners, LLC
AAR Corporation180%PSU 60 · RSU 20 · Options 20YesSemler Brossy
Air Lease Corporationnot disclosedPRSU 50 · RSU 25not disclosedExequity
Allison Transmission Holdings, Inc.65.38%PSU 34 · Options 33 · RSU 33Yes — relative TSR (rTSR)Semler Brossy
Astec Industries, Inc.not disclosedPSU 65 · RSU 35not disclosedFrederic W. Cook & Co., Inc.
FreightCar America, Incnot disclosedRestricted Shares 50 · Option 50not disclosedMeridian Compensation Partners, LLC
GATX Corporationnot disclosednot disclosednot disclosedPay Governance LLC
H&E Equipment Services, Incnot disclosednot disclosednot disclosednot disclosed
Herc Holdings Inc.100%PSU 60 · RSU 40NoFW Cook
Oshkosh Corporation70.4%PSU 50 · RSU 50NoMercer
Ryder System, Inc.90%PSU 60 · RSU 40NoFW Cook
Spirit AeroSystems Holdings, Inc.90.81%RSU 50 · PRSU 50Yes — Relative TSRMeridian Compensation Partners
Terex Corporationnot disclosedPSU 65 · RSU 35Yes — total shareholder return (TSR)Pay Governance LLC
The Greenbrier Companies, Inc.not disclosednot disclosednot disclosedMercer
The Manitowoc Company, Inc.not disclosedPSU 50 · RSU 50not disclosedWillis Towers Watson (WTW)
United Rentals, Inc.99.2%PSU 80 · RSU 20NoPearl Meyer & Partners, LLC
VSE Corporationnot disclosednot disclosednot disclosednot disclosed
Wabash National Corporationnot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Westinghouse Air Brake Technologies Corporation192.8%PSU 60 · RSU 40NoExequity
Willis Lease Finance Corporationnot disclosedPSU 60 · RSU 40not disclosedExequity, LLP

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Trinity Industries in fiscal 2025?
As disclosed, E. Jean Savage (Chief Executive Officer and President) was the highest-paid executive at Trinity Industries in fiscal 2025, with total compensation of $7,480,164.
How does Trinity Industries's chief executive pay compare to its disclosed peer group?
As disclosed, E. Jean Savage's total compensation ranked at the 33rd percentile of Trinity Industries's disclosed peer group.
What is Trinity Industries's CEO-to-median employee pay ratio?
As disclosed, Trinity Industries's CEO-to-median employee pay ratio was 220:1.
How did shareholders vote on Trinity Industries's executive compensation?
As disclosed, 95.85% of shareholders supported Trinity Industries's executive compensation in the latest say-on-pay vote.
How much does Trinity Industries spend in total on board compensation for fiscal 2025?
As disclosed, Trinity Industries reported total board compensation of $2,042,817 for fiscal 2025.

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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, E. Jean SavageDEF 14A2026-04-090000099780-26-000024Section “Summary Compensation Table” · page 50. As printed: 7,480,164. Filing ↗machine: r4 · c27 · span 661540–661549
2Section 01, Eric MarchettoDEF 14A2026-04-090000099780-26-000024Section “Summary Compensation Table” · page 50. As printed: 2,738,240. Filing ↗machine: r7 · c27 · span 668757–668766
3Section 01, Gregory MitchellDEF 14A2026-04-090000099780-26-000024Section “Summary Compensation Table” · page 50. As printed: 2,009,626. Filing ↗machine: r10 · c27 · span 676031–676040
4Section 01, Kevin PoetDEF 14A2026-04-090000099780-26-000024Section “Summary Compensation Table” · page 50. As printed: 1,998,802. Filing ↗machine: r13 · c27 · span 683384–683393
5Section 01, Scott EwingDEF 14A2026-04-090000099780-26-000024Section “Summary Compensation Table” · page 50. As printed: 1,572,859. Filing ↗machine: r16 · c27 · span 690764–690773
6Section 03, Eric Marchetto PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 755432–755439
7Section 03, Gregory Mitchell PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 764664–764671
8Section 03, Scott Ewing RSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 789171–789178
9Section 03, Scott Ewing PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 791491–791498
10Section 03, Eric Marchetto PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 753047–753054
11Section 03, Gregory Mitchell PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 762343–762350
12Section 03, Kevin Poet PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 784586–784593
13Section 03, E. Jean Savage PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 746132–746141
14Section 03, E. Jean Savage RSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 741363–741372
15Section 03, Scott Ewing PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 794227–794234
16Section 03, Gregory Mitchell RSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 760023–760030
17Section 03, E. Jean Savage PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 743715–743724
18Section 03, Kevin Poet PSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 782201–782208
19Section 03, Kevin Poet RSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 779881–779888
20Section 03, Eric Marchetto RSUDEF 14A2026-04-090000099780-26-000024Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 750726–750733
21Section 07, pay ratioDEF 14A2026-04-090000099780-26-000024Section “CEO Pay Ratio”. As printed: 220 : 1. Filing ↗
22Section 08, Leldon E. EcholsDEF 14A2026-04-090000099780-26-000024Section “Director Compensation”. As printed: 492,723. Filing ↗machine: span 995343–995585
23Section 08, S. Todd MaclinDEF 14A2026-04-090000099780-26-000024Section “Director Compensation”. As printed: 276,159. Filing ↗machine: span 999075–999317
24Section 08, William P. AinsworthDEF 14A2026-04-090000099780-26-000024Section “Director Compensation”. As printed: 263,011. Filing ↗machine: span 989826–990039
25Section 08, Dunia A. ShiveDEF 14A2026-04-090000099780-26-000024Section “Director Compensation”. As printed: 259,511. Filing ↗machine: span 1001119–1001393
26Section 08, John J. DiezDEF 14A2026-04-090000099780-26-000024Section “Director Compensation”. As printed: 255,511. Filing ↗machine: span 993477–993719
27Section 08, Robert C. Biesterfeld JrDEF 14A2026-04-090000099780-26-000024Section “Director Compensation”. As printed: 255,391. Filing ↗machine: span 991614–991856
28Section 08, Veena M. LakkundiDEF 14A2026-04-090000099780-26-000024Section “Director Compensation”. As printed: 240,511. Filing ↗machine: span 997211–997453
29Section 08, E. Jean SavageDEF 14A2026-04-090000099780-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
30Section 06, 2026 voteForm 8-K2026-05-210000099780-26-000057Item 5.07 · say-on-pay result. As reported: 95.85% (votes for as printed: 63,091,993). Filing ↗
31Section 06, 2025 voteForm 8-K2025-05-190000099780-25-000044Item 5.07 · say-on-pay result. As reported: 98.4% (votes for as printed: 66,063,037). Filing ↗
32Section 06, 2024 voteForm 8-K2024-05-230000099780-24-000105Item 5.07 · say-on-pay result. As reported: 97.82% (votes for as printed: 67,472,476). Filing ↗
33Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
34Section 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
35Section 09b board cost (computed)Computed——Cash 860,000 + equity 1,041,079 + all other 141,738 = 2,042,817, summed across the director compensation table rows.machine: formula: Σ = 2,042,817
36Westinghouse Air Brake Technologies Corporation, Section 10b CEO totalDEF 14A2026-03-310001628280-26-022197CEO total compensation as printed in Westinghouse Air Brake Technologies Corporation's own proxy. As printed: 26,181,461. Filing ↗machine: r4 · c21 · span 967772–967782
37Willis Lease Finance Corporation, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177136CEO total compensation as printed in Willis Lease Finance Corporation's own proxy. As printed: 19,209,005. Filing ↗machine: span 692497–692507
38Oshkosh Corporation, Section 10b CEO totalDEF 14A2026-03-260001104659-26-035209CEO total compensation as printed in Oshkosh Corporation's own proxy. As printed: 12,935,995. Filing ↗machine: r1 · c50 · span 1054711–1054721
39United Rentals, Inc., Section 10b CEO totalDEF 14A2026-03-250001193125-26-124113CEO total compensation as printed in United Rentals, Inc.'s own proxy. As printed: 12,057,571. Filing ↗machine: span 1280664–1280674
40Spirit AeroSystems Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-230001140361-25-015209CEO total compensation as printed in Spirit AeroSystems Holdings, Inc.'s own proxy. As printed: 11,457,523. Filing ↗machine: r2 · c21 · span 1003071–1003081
41Ryder System, Inc., Section 10b CEO totalDEF 14A2026-03-110001628280-26-016651CEO total compensation as printed in Ryder System, Inc.'s own proxy. As printed: 10,178,386. Filing ↗machine: t211 · r2 · c8 · span 970489–970499
42AAR Corporation, Section 10b CEO totalDEF 14A2026-08-040001140361-26-031078CEO total compensation as printed in AAR Corporation's own proxy. As printed: 9,867,963. Filing ↗machine: r2 · c28 · span 1642184–1642193
43Air Lease Corporation, Section 10b CEO totalDEF 14A2026-04-300001193125-26-197721CEO total compensation as printed in Air Lease Corporation's own proxy. As printed: 9,399,534. Filing ↗machine: r2 · c27 · span 292663–292672
44Herc Holdings Inc., Section 10b CEO totalDEF 14A2026-03-270001364479-26-000076CEO total compensation as printed in Herc Holdings Inc.'s own proxy. As printed: 8,289,126. Filing ↗machine: r3 · c42 · span 424311–424320
45GATX Corporation, Section 10b CEO totalDEF 14A2026-03-130001104659-26-027377CEO total compensation as printed in GATX Corporation's own proxy. As printed: 8,178,380. Filing ↗
46Allison Transmission Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-250001140361-26-011093CEO total compensation as printed in Allison Transmission Holdings, Inc.'s own proxy. As printed: 8,028,346. Filing ↗machine: r2 · c27 · span 849978–849987
47The Greenbrier Companies, Inc., Section 10b CEO totalDEF 14A2025-11-170001193125-25-284604CEO total compensation as printed in The Greenbrier Companies, Inc.'s own proxy. As printed: 7,706,230. Filing ↗machine: r4 · c34 · span 887577–887586
48Trinity Industries (subject), Section 10b CEO totalDEF 14A2026-04-090000099780-26-000024CEO total compensation as printed in Trinity Industries's own proxy. As printed: 7,480,164. Filing ↗machine: r4 · c27 · span 661540–661549
49Terex Corporation, Section 10b CEO totalDEF 14A2026-04-290000097216-26-000071CEO total compensation as printed in Terex Corporation's own proxy. As printed: 7,294,990. Filing ↗machine: r2 · c27 · span 838129–838139
50H&E Equipment Services, Inc, Section 10b CEO totalDEF 14A2024-04-020000950170-24-039778CEO total compensation as printed in H&E Equipment Services, Inc's own proxy. As printed: 6,295,836. Filing ↗machine: r5 · c25 · span 671019–671028
51Wabash National Corporation, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134505CEO total compensation as printed in Wabash National Corporation's own proxy. As printed: 5,717,526. Filing ↗machine: span 761895–761904
52The Manitowoc Company, Inc., Section 10b CEO totalDEF 14A2026-03-200001193125-26-117619CEO total compensation as printed in The Manitowoc Company, Inc.'s own proxy. As printed: 5,052,437. Filing ↗machine: r2 · c6 · span 1205200–1205209
53Astec Industries, Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027745CEO total compensation as printed in Astec Industries, Inc.'s own proxy. As printed: 4,030,731. Filing ↗machine: r1 · c42 · span 839356–839365
54FreightCar America, Inc, Section 10b CEO totalDEF 14A2026-03-190001213900-26-031465CEO total compensation as printed in FreightCar America, Inc's own proxy. As printed: 2,032,701. Filing ↗
55Section 10a, Ryder System, Inc. reciprocityDEF 14A—0001628280-26-016651Ryder System, Inc. names Trinity Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
56Section 10a, Astec Industries, Inc. reciprocityDEF 14A—0001104659-26-027745Astec Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗
57Section 10a, Oshkosh Corporation reciprocityDEF 14A—0001104659-26-035209Oshkosh Corporation's most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗
58Section 10a, United Rentals, Inc. reciprocityDEF 14A—0001193125-26-124113United Rentals, Inc.'s most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗
59Section 10a, Herc Holdings Inc. reciprocityDEF 14A—0001364479-26-000076Herc Holdings Inc. names Trinity Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Air Lease Corporation reciprocityDEF 14A—0001193125-26-197721Air Lease Corporation's most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗
61Section 10a, The Manitowoc Company, Inc. reciprocityDEF 14A—0001193125-26-117619The Manitowoc Company, Inc. names Trinity Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, AAR Corporation reciprocityDEF 14A—0001140361-26-031078AAR Corporation's most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗
63Section 10a, Willis Lease Finance Corporation reciprocityDEF 14A—0001193125-26-177136Willis Lease Finance Corporation's most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗
64Section 10a, Westinghouse Air Brake Technologies Corporation reciprocityDEF 14A—0001628280-26-022197Westinghouse Air Brake Technologies Corporation's most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗
65Section 10a, Allison Transmission Holdings, Inc. reciprocityDEF 14A—0001140361-26-011093Allison Transmission Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗
66Section 10a, Wabash National Corporation reciprocityDEF 14A—0001193125-26-134505Wabash National Corporation names Trinity Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Terex Corporation reciprocityDEF 14A—0000097216-26-000071Terex Corporation names Trinity Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, The Greenbrier Companies, Inc. reciprocityDEF 14A—0001193125-25-284604The Greenbrier Companies, Inc. names Trinity Industries in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, Spirit AeroSystems Holdings, Inc. reciprocityDEF 14A—0001140361-25-015209Spirit AeroSystems Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Trinity Industries. Filing ↗