---
schema_version: "secwatch.filing_event.v1"
accession: "0000040211-22-000012"
form_type: "8-K"
ticker: "GATX"
cik: "0000040211"
company_name: "GATX CORP"
filed_at: "2022-02-02T23:59:59+00:00"
generated_at: "2026-06-27T12:34:04.604335+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GATX announces CEO succession: Lyons to become CEO on April 22, 2022; Kenney to remain non-executive Chairman

## Summary
- Robert C. Lyons appointed CEO and President effective April 22, 2022, succeeding Brian A. Kenney who becomes non-executive Chairman until Oct 31, 2022.
- Lyons' base salary increased to $800,000 from $597,100; target bonus raised to 100% of base salary; LTI target increased to $3,000,000 from $950,000.
- CFO Thomas A. Ellman granted 3,960 restricted stock units (value $400,000) as Leadership Recognition Award; vesting 25% on first anniversary, 75% on third.
- Ellman entered into a non-compete/non-solicitation agreement covering 12 months post-employment (or until Jan 28, 2026) unless termination without cause or for good reason.

## SEC filing metadata
- accession: 0000040211-22-000012
- form_type: 8-K
- ticker: GATX
- cik: 0000040211
- company_name: GATX CORP
- filed_at: 2022-02-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40211/000004021122000012/0000040211-22-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40211/000004021122000012/gatx-20220128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000040211-22-000012
- JSON: https://secwatch.observer/filing/0000040211-22-000012.json
- Plain text: https://secwatch.observer/filing/0000040211-22-000012.txt

## Key facts
- Executive change
  Robert C. Lyons was appointed as Chief Executive Officer and President at GATX CORP.
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: the Board of Directors of GATX Corporation (“GATX” or the “Company”) appointed Robert C. Lyons to the position of Chief Executive Officer and President, effective April 22, 2022 upon the retirement of Brian A. Kenney, the current Chairman, CEO and President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/40211/000004021122000012/0000040211-22-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.