other material
confidence high
sentiment neutral
materiality 0.40
GATX shareholders approve amended incentive plan, adding 1.3M shares to reserve
GATX CORP
- Plan amendment adds 1,300,000 shares to the existing reserve under the 2012 Incentive Award Plan.
- Fixed term of plan removed; now continues indefinitely until terminated by Board.
- Annual award limits per participant increased; non-employee director compensation cap raised.
- Consultants added as eligible participants; all director nominees elected with >87% support.
- Advisory vote on exec compensation passed with 32.3M for, 0.5M against; EY ratified as auditor.