EXHIBIT 10.11.3

TRINITY INDUSTRIES, INC.

RESTRICTED STOCK GRANT AGREEMENT

THIS RESTRICTED STOCK GRANT AGREEMENT (the “Agreement”), by and between TRINITY
INDUSTRIES, INC. (hereinafter called the “Company”) and ___(hereinafter called
the “Grantee”);

WITNESSETH:

WHEREAS, the Grantee complies with the requirements of eligibility for the award
of Restricted stock under the Trinity Industries, Inc. 2004 Stock Option and
Incentive Plan (the “Plan”); and

WHEREAS, the Company has determined to award to the Grantee ___(___) shares of
Common Stock of the Company, subject to the terms and conditions hereinafter set
forth, as a retention incentive, to encourage a sense of proprietorship by the
Grantee and to stimulate the active interest of the Grantee in promoting the
development, growth, performance and financial success of the Company by
affording the Grantee an opportunity to obtain an increased proprietary interest
in the Company so as to assure a closer identification between the Grantee’s
interest and the interest of the Company;

NOW, THEREFORE, in consideration of the premises and the covenants and
agreements herein contained, the parties hereto agree as follows:

1. Grant of Restricted Shares.

Subject to the terms and conditions of the Plan, this Agreement and the
restrictions set forth below, the Company hereby grants to the Grantee the total
number of shares of common stock of the Company set forth above (the “Restricted
Shares”).

2. Shareholder Status.

Effective upon the date of grant, Grantee has become the holder of record of the
Restricted Shares and has all rights of a stockholder with respect to the
Restricted Shares, including the right to vote the Restricted Shares and the
right to receive all dividends paid with respect to the Restricted Shares,
subject to the terms and conditions set forth in this Agreement.

 

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3. Restrictions.

The Restricted Shares may not be sold, assigned, transferred, pledged or
otherwise disposed of or encumbered (the “Restrictions on Transferability”)
until the Restrictions on Transferability shall lapse. The Restrictions on
Transferability shall lapse upon the first to occur of the following:

  (i)   4 years from grant for 33 1/3% of the Restricted Shares;     (ii)  
6 years from grant for 33 1/3% of the Restricted Shares;     (iii)   8 years
from grant for 33 1/3% of the Restricted Shares;     (iv)   Retirement as
defined in the Plan;     (v)   death;     (vi)   Disability as defined in the
Plan;     (vii)   a Change in Control as defined in the Plan; or     (viii)  
the consent, at any time after three years from the date of this grant, to the
removal of the restrictions by the Human Resources Committee in its sole
discretion.

All of the Restricted Shares shall be forfeited by the Grantee to the Company if
prior to the lapse of the Restrictions on Transferability the Grantee’s
employment with the Company terminates for any reason other than death,
disability or retirement under the Trinity Standard Pension Plan or as provided
by paragraph 7 hereof. Upon forfeiture, the Company shall have all right, title
and interest in the Restricted Shares and the Grantee shall have no further
right, title or interest therein. Until the Restrictions on Transferability
shall lapse, the certificates representing the Restricted Shares shall bear a
legend giving notice of such restrictions as follows:

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE RESTRICTED PURSUANT TO A
RESTRICTED STOCK GRANT AGREEMENT DATED AS OF ___, 2004, AND MAY NOT BE SOLD,
ASSIGNED, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF OR ENCUMBERED AT ANYTIME
WITHOUT THE PRIOR WRITTEN APPROVAL OF THE COMPANY.

Upon the lapse of the Restrictions on Transferability with respect to any of the
Restricted Shares, a certificate representing such shares and without the
restrictive legend noted above shall be delivered to Grantee or Grantee’s
personal representative, provided that the Grantee or Grantee’s personal
representative has made appropriate arrangements with the Company for applicable
taxes which are required to be withheld under federal, state or local law or the
tax withholding requirement has otherwise been satisfied. The Grantee may elect,
in accordance with Company policy in effect at the time, to pay in shares of
Common Stock of the Company a portion or all of the amount of the federal, state
or local, income or other taxes required by law to be withheld in

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connection with the lapse of Restrictions on Transferability. To make such
election the Grantee shall authorize the Company to withhold, on or about the
date such withholding tax liability is determinable, a portion of the shares
that were or otherwise would be distributed to the Grantee upon the lapse of
Restrictions on Transferability having a fair market value equal to the amount
of such required withholding taxes that the Grantee elects to pay in shares.

4. No Rights of Continued Service.

Nothing herein shall confer upon Grantee any right to remain an officer or
employee of the Company or one of its Subsidiaries, and nothing herein shall be
construed in any manner to interfere in any way with the right of the Company or
its Subsidiaries to terminate the Grantee’s service at any time.

5. Interpretation of this Agreement.

The administration of the Company’s Plan has been vested in the Plan Committee
of the Board of Directors, and all questions of interpretation and application
of this grant shall be subject to determination by a majority of the members of
the Committee, which determination shall be final and binding on Grantee.

6. Subject to Plan.

The Restricted Shares are granted subject to the terms and provisions of the
Plan of the Company, which plan is incorporated herein by reference. In case of
any conflict between this Agreement and the Plan, the terms and provisions of
the Plan shall be controlling.

7. Confidentiality

This Restricted Stock Grant is to be treated as STRICTLY CONFIDENTIAL. A Grantee
who shares information regarding this Restricted Stock Grant with other
employees or outside persons, other than as required to comply with applicable
laws or as necessary to manage his or her personal finances, is subject to his
or her rights hereunder being forfeited upon a determination by the Human
Resources Committee that the Grantee has violated this paragraph.

8. Acceptance and Stock Power.

The grant of the Restricted Shares under this Agreement is subject to and
conditioned upon: (i) Grantee’s acceptance of the terms hereof by the return of
an executed copy of this Agreement to the Company and (ii) delivery of an
executed stock power in the attached form.

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DATED as of the ___day of September, 2004.

     

  TRINITY INDUSTRIES, INC.
 
   

 

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  NAME:

  TITLE:
 
   

  GRANTEE
 
   

 

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  NAME:

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IRREVOCABLE STOCK POWER

FOR VALUE RECEIVED, the undersigned does hereby sell, assign and transfer, to
Trinity Industries, Inc., ___(___) shares of the common stock of Trinity
Industries, Inc. awarded to the undersigned and for which restrictions have not
lapsed pursuant to a Restricted Stock Grant Agreement dated as of September 8,
2004 represented by certificate No(s). ___for ___ shares standing in the name of
the undersigned on the books of said Company.

     

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