TRINITY INDUSTRIES INC (TRN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.98% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
80M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

TRN currently has 79.7M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.98% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

10-Q filing | 79.7M shares outstanding

80M 0
Oct 30, 2025

10-Q filing | 80.5M shares outstanding

81M 0
Jul 31, 2025

10-Q filing | 81.3M shares outstanding

81M 0
May 01, 2025

10-Q filing | 81.6M shares outstanding

82M 0
Feb 20, 2025

10-K filing | 81.9M shares outstanding

82M 0
Oct 31, 2024

10-Q filing | 82.2M shares outstanding

82M 0
Aug 01, 2024

10-Q filing | 82.4M shares outstanding

82M 0
Jun 05, 2024

8-K filing: Trinity Industries, Inc. closed its previously announced offering of an additional $200.0 million aggregate principal amount of its 7.750% Senior Notes due 2028 at a price of 102.500% of the principal amount thereof, plus accrued interest, for net proceeds of approximately $211.1 million. ($211.1M proceeds)

82M 0
May 01, 2024

10-Q filing | 81.6M shares outstanding

82M 0
Feb 22, 2024

10-K filing | 81.2M shares outstanding

81M 0
Nov 02, 2023

10-Q filing | 81.6M shares outstanding

82M 0
Aug 01, 2023

10-Q filing | 81.2M shares outstanding

81M 0
May 02, 2023

10-Q filing | 80.8M shares outstanding

81M 0
Feb 21, 2023

10-K filing | 81.9M shares outstanding

82M 0
Oct 25, 2022

10-Q filing | 81.7M shares outstanding

82M 0
Jul 27, 2022

10-Q filing | 82.4M shares outstanding

82M 0
Apr 27, 2022

10-Q filing | 82.9M shares outstanding

83M 0
Feb 17, 2022

10-K filing | 83.3M shares outstanding

83M 0
Jan 05, 2022

8-K filing: Trinity Industries, Inc. repurchased approximately 8.78 million shares of its common stock from ValueAct for $28.49 per share and entered into an accelerated share repurchase program with JPMorgan Chase Bank to repurchase $125 million of common stock. ($375.0M proceeds)

98M 0
Oct 26, 2021

10-Q filing | 97.7M shares outstanding

98M 0
Jul 27, 2021

10-Q filing | 102.8M shares outstanding

100M 0
Apr 30, 2021

8-K filing: Trinity Industries, Inc. entered into a Stock Repurchase Agreement with ValueAct Capital Master Fund, L.P. to repurchase 8,100,000 shares of the Company's common stock for $27.47 per share, totaling $222.5 million. ($222.5M proceeds)

110M 0
Apr 27, 2021

10-Q filing | 110.2M shares outstanding

110M 0
Feb 24, 2021

10-K filing | 115.9M shares outstanding

120M 0
Oct 26, 2020

10-Q filing | 116.4M shares outstanding

120M 0
Jul 23, 2020

10-Q filing | 117.3M shares outstanding

120M 0
Apr 30, 2020

10-Q filing | 118.0M shares outstanding

120M 0
Feb 20, 2020

10-K filing | 125.6M shares outstanding

130M 0
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