# EDGAR Filing Document

**Accession Number:** 0000923120
**File Stem:** 0001193125-26-012980
**Filing Date:** 2026-1
**Character Count:** 29716
**Document Hash:** e72718cfc757bbf9bffdbc20ab05ad60
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-012980.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0001193125-26-012980

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260114

**DATE AS OF CHANGE**: 20260114

**EFFECTIVENESS DATE**: 20260114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GREENBRIER COMPANIES INC
- **CENTRAL INDEX KEY:** 0000923120
- **STANDARD INDUSTRIAL CLASSIFICATION:** RAILROAD EQUIPMENT [3743]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 930816972
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-292734
- **FILM NUMBER:** 26533618

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CENTERPOINTE DR
- **STREET 2:** STE 200
- **CITY:** LAKE OSWEGO
- **STATE:** OR
- **ZIP:** 97035
- **BUSINESS PHONE:** 5036847000

**MAIL ADDRESS:**
- **STREET 1:** ONE CENTERPOINTE DR
- **STREET 2:** STE 200
- **CITY:** LAKE OSWEGO
- **STATE:** OR
- **ZIP:** 97035

**As filed with the Securities and Exchange Commission on January 14, 2026** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-8**

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## The Greenbrier Companies, Inc.
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Oregon** | **93-0816972** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(IRS Employer**<br> **Identification No.)** |

---

**One Centerpointe Drive, Suite 200** 

**Lake Oswego, Oregon 97035** 

**(Address of principal executive offices)(Zip Code)** 

**The Greenbrier Companies, Inc. 2021 Stock Incentive Plan, As Amended** 

**(Full title of the plan)** 

**Lorie L. Tekorius** 

**Chief Executive Officer and President** 

**The Greenbrier Companies, Inc.** 

**One Centerpointe Drive, Suite 200** 

**Lake Oswego, Oregon 97035** 

**(503) 684-7000**

**(Name, address and telephone number of agent for service)** 

***Copy to:***

---

| | |
|:---|:---|
| **Ali U. Nardali**<br> **K&L Gates**<br> **4 Embarcadero Center #1200**<br> **San Francisco, CA 94111**<br> **(415) 882-8048** | **Alexa Belonick**<br> **Gunderson Dettmer Stough Villeneuve**<br> **Franklin & Hachigian, LLP**<br> **1 Bush Street #1200**<br> **San Francisco, CA 94104**<br> **(415) 978-9803** |

---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**EXPLANATORY NOTE** 

The Greenbrier Companies, Inc. (the "Registrant" or the "Company") is filing this Registration Statement on Form S-8 for the purpose of registering an aggregate 1,374,572 shares of common stock, without par value, under The Greenbrier Companies, Inc. 2021 Stock Incentive Plan, As Amended (the "2021 Plan"). Such aggregate number of shares consist of 1,000,000 shares resulting from the shareholders of the Registrant approving an amendment to the 2021 Plan to, among other things, increase the shares of common stock available for issuance under the 2021 Plan at the Registrant's 2026 Annual Meeting of Shareholders on January 7, 2026. In addition, such aggregate number of shares consists of 374,572 shares that were (i) previously covered by awards that lapsed, expired, terminated or were canceled prior to the issuance of such shares or (ii) withheld by or tendered to the Company to satisfy tax withholding obligations related to an award that, in each case, became available for future issuance under the 2021 Plan in accordance with its terms.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. Incorporation of Documents by Reference.** 

The following documents filed by the Company with the Securities and Exchange Commission (the "Commission") are incorporated by reference into this Registration Statement:

(a) The Company's annual report on [Form 10-K](http://www.sec.gov/Archives/edgar/data/923120/000119312525253612/gbx-20250831.htm) for the fiscal year ended August 31, 2025, filed with the Commission on October 28, 2025.

(b) The Company's quarterly report on [Form 10-Q](http://www.sec.gov/Archives/edgar/data/923120/000119312526007768/gbx-20251130.htm) for the quarter ended November 30, 2025, filed with the Commission on January 8, 2026.

(c) The Company's current report on Form 8-K, filed with the Commission on [January 9, 2026](http://www.sec.gov/Archives/edgar/data/923120/000119312526008997/d80543d8k.htm) (excluding any documents or portions of such documents that are furnished under Item 2.02 or Item 7.01 of a current report on Form 8-K and any exhibits included with such Items).

(d) The description of our common stock included in our registration statement on Form 8-A filed with the SEC on June 13, 1994, and any amendment or report filed for the purpose of updating such description, including [<u>Exhibit 4.3</u>](http://www.sec.gov/Archives/edgar/data/923120/000119312519277713/d759252dex43.htm) to the Registrant's Annual Report on Form 10-K filed with the Commission on October 29, 2019.

All documents filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof (excluding any documents or portions of such documents that are furnished under Item 2.02 or Item 7.01 of a current report on Form 8-K and any exhibits included with such Items), and prior to the filing of a post-effective amendment that indicates that all the securities offered hereby have been sold or that deregisters the securities offered hereby then remaining unsold, will also be deemed to be incorporated by reference into this registration statement and to be a part hereof from the date of filing of such documents.

**Item 4. Description of Securities.** 

Not applicable.

**Item 5. Interests of Named Experts and Counsel.** 

None.

------

**Item 6. Indemnification of Directors and Officers.** 

The Oregon Business Corporation Act (the "OBCA") authorizes that an individual made a party to a proceeding because the individual is or was a director or officer may be indemnified against certain liability incurred in the proceeding if:

(a) the conduct of the individual was in good faith;

(b) the individual reasonably believed that his or her conduct was in the best interests of the corporation or at least not opposed to its best interests; and

(c) in the case of any criminal proceeding, the individual had no reasonable cause to believe his or her conduct was unlawful.

A director or officer's conduct with respect to an employee benefit plan for a purpose the director or officer reasonably believed to be in the interests of the participants in and beneficiaries of the plan is conduct that satisfies the requirement of (b) above. Furthermore, the termination of a proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent is not, of itself, determinative that the director or officer did not meet the standard of conduct described herein.

Under the OBCA, a corporation may not indemnify an individual against liability incurred in a proceeding to which the individual was made a party because the individual is or was a director or officer if:

(a) in the case of any proceeding by or in the right of the corporation, the individual was adjudged liable to the corporation; and

(b) in connection with any proceeding (other than a proceeding by or in the right of the corporation) charging improper personal benefit to the individual, the individual was adjudged liable on the basis that he or she improperly received personal benefit.

Unless limited by a corporation's articles of incorporation, the OBCA mandates indemnification of directors and officers who are wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director or officer was a party because of being a director or officer of the corporation against reasonable expenses incurred by them in connection with the proceeding. The OBCA also authorizes a court to order indemnification, whether or not the above standards of conduct have been met, if the court determines that the director or officer is fairly and reasonably entitled to indemnification in view of all the relevant circumstances. The Company's Articles of Incorporation permit, and the Company's Bylaws require, the Company to indemnify directors and officers to the fullest extent permissible by law.

The Company's Bylaws provide that the Company will pay the expenses incurred by its directors or officers in any proceeding (other than a proceeding brought for an accounting of profits made from the purchase and sale by the director or officer of securities of the corporation within the meaning of Section 16(b) of the Exchange Act or similar provision of any state statutory law or common law) in advance of the final disposition of the proceeding at the written request of the director or officer, if the director or officer: (a) furnishes the corporation a written affirmation of the director's or officer's good faith belief that the director or officer is entitled to be indemnified under the Bylaws, and (b) furnishes the corporation a written undertaking to repay the advance to the extent that it is ultimately determined that the director or officer is not entitled to be indemnified by the corporation.

The OBCA further provides that the articles of incorporation of a corporation may provide that no director will be personally liable to a corporation or its shareholders for monetary damages for conduct as a director, except that such provision does not eliminate the liability of a director (i) for any breach of the director's duty of loyalty to the corporation or its shareholders; (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of the law; (iii) for any unlawful distribution as defined under the OBCA; or (iv) for any transaction from which the director derived an improper personal benefit. The Company's Articles of Incorporation provide that, to the fullest extent permissible by law, no director will be personally liable to the Company or its shareholders for monetary damages.

------

In addition to the indemnification and exculpation provided by the Company's Articles of Incorporation and Bylaws, the Company has entered into indemnification agreements with its directors and certain officers. The indemnification agreements provide that no director or officer will have a monetary liability of any kind in respect of the director's or officer's errors or omissions in serving the Company or any of its subsidiaries, shareholders or related enterprises, so long as such errors are not shown by clear and convincing evidence to have involved: (i) any breach of the duty of loyalty to such entities; (ii) any act or omission not in good faith or which involved intentional misconduct or a knowing violation of the law; (iii) any transaction from which the director or officer derived an improper personal benefit; (iv) any unlawful corporate distribution; or (v) profits made from the purchase and sale by the director or officer of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934. Furthermore, regardless of the theory of liability asserted and to the fullest extent permitted by law, no director or officer will have personal liability for (a) punitive, exemplary or consequential damages; (b) treble or other damages computed based upon any multiple of damages actually and directly proved to have been sustained; (c) fees of attorneys, accountants, expert witnesses or professional consultants; or (d) civil fines or penalties of any kind or nature whatsoever.

The indemnification agreements also require the Company to indemnify any director or officer who is a party to, or is threatened to be made a party to, any proceeding, against all expenses, judgments, fines and amounts paid in settlement, actually and reasonably incurred by the director or officer in connection with such proceeding, if the director or officer: (i) acted in good faith and in a manner the director or officer reasonably believed was in or not opposed to the best interests of the Company; and (ii) with respect to any criminal proceeding, the director or officer also had no reasonable cause to believe that his or her conduct was unlawful. In any proceeding charging a director or officer with improper personal benefit to the director or officer, the Company will indemnify the director or officer if the appropriate court determines that the director or officer is fairly and reasonably entitled to indemnification in view of all the relevant circumstances.

The indemnification agreements also provide indemnity to a director or officer in proceedings brought by or in the right of the Company, as long as the director or officer acted in good faith and in a manner which he or she reasonably believed to be in, or not opposed to, the best interests of the Company. If a director or officer is adjudged liable to the Company, he or she will not be indemnified unless the appropriate court determines that the director or officer is fairly and reasonably entitled to indemnification in view of all the relevant circumstances.

The Company maintains directors' and officers' liability insurance under which the Company's directors and officers are insured against claims for errors, neglect, breach of duty and other matters.

**Item 7. Exemption from Registration Claimed.** 

Not applicable.

**Item 8. Exhibits.** 

---

| | |
|:---|:---|
| Exhibit<br>Number | Description |
| 5.1 | [Opinion of Stoel Rives LLP regarding legality of the common stock being registered.](d28640dex51.htm) |
| 23.1 | [Consent of KPMG LLP, independent registered public accounting firm of the Registrant.](d28640dex231.htm) |
| 23.2 | [Consent of Stoel Rives LLP (included in opinion filed as Exhibit 5.1).](d28640dex51.htm) |
| 24.1 | [Power of Attorney (provided on the signature page hereto).](#sig) |
| 99.1 | [The Greenbrier Companies, Inc. 2021 Stock Incentive Plan, As Amended (incorporated by reference to Appendix A to the Company's Definitive Proxy Statement filed November 17, 2025).](http://www.sec.gov/Archives/edgar/data/923120/000119312525284604/d14071ddef14a.htm#toc14071_66) |
| 107 | [Filing Fee Table.](d28640dexfilingfees.htm) |

---

------

**Item 9. Undertakings.** 

(a) The undersigned Registrant hereby undertakes:

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

(i) To include any prospectus required by section 10(a)(3) of the Securities Act;

(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; and

(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;

*Provided, however*, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to section 13 or section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Lake Oswego, State of Oregon, on January 14, 2026.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE GREENBRIER COMPANIES, INC. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE GREENBRIER COMPANIES, INC. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By | /s/ Lorie L. Tekorius |
|  | Lorie L. Tekorius<br> Chief Executive Officer and President |

---

**POWER OF ATTORNEY** 

KNOW ALL MEN BY THESE PRESENTS that each person whose signature appears below hereby constitutes and appoints each of Lorie L. Tekorius and Christian M. Lucky his or her true and lawful attorney-in-fact and agent, with full power of substitution for him or her in any and all capacities, to sign any and all amendments or post-effective amendments to this Registration Statement, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission, granting unto such attorney and agent full power and authority to do any and all acts and things necessary or advisable in connection with such matters, and hereby ratifying and confirming all that the attorney and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated on January 14, 2026:

---

| |
|:---|
| /s/ Lorie L. Tekorius<br> Lorie L. Tekorius, President,<br> Chief Executive Officer, President and Director<br> (Principal Executive Officer) |
| /s/ Thomas B. Fargo<br> Thomas B. Fargo, Chair of the Board of Directors<br>/s/ Stevan B. Bobb<br> Stevan B. Bobb, Director<br>/s/ Wanda F. Felton<br> Wanda F. Felton, Director |
| /s/ Antonio O. Garza<br> Antonio O. Garza, Director |
| /s/ James R. Huffines<br> James R. Huffines, Director |
| /s/ Graeme A. Jack<br> Graeme A. Jack, Director |

---

------

---

| |
|:---|
| /s/ Jeffrey M. Songer<br> Jeffrey M. Songer, Director |
| /s/ Wendy L. Teramoto<br> Wendy L. Teramoto, Director |
| /s/ Kelly M. Williams<br> Kelly M. Williams, Director |
| /s/ Michael J. Donfris |
| Michael J. Donfris, Senior Vice President, |
| Chief Financial Officer (Principal Financial Officer) |
| /s/ Matthew J. Meyer |
| Matthew J. Meyer, Senior Vice President, |
| Chief Accounting Officer (Principal Accounting Officer) |

---

## Exhibit 5.1

**EXHIBIT 5.1**![LOGO](g28640dsp0001.jpg)

January 14, 2026

---

| | |
|:---|:---|
|  | 760 SW Ninth Avenue, Suite 3000 |
| The Greenbrier Companies, Inc. | Portland, Oregon 97205 |
| One Centerpointe Drive, Suite 200 | T. 503.224.3380 |
| Lake Oswego, Oregon 97035 |  |

---

Re: The Greenbrier Companies, Inc. – Registration Statement

on Form S-8

Ladies and Gentlemen:

You have requested our opinion with respect to certain matters in connection with the filing by The Greenbrier Companies, Inc., an Oregon corporation (the "***Company***"), of a Registration Statement on Form S-8 (the "***Registration Statement***") under the Securities Act of 1933, as amended (the "***Securities Act***"), with the Securities and Exchange Commission, covering 1,374,572 shares (the "***Shares***") of the Company's common stock, without par value (the "***Common Stock***"), reserved for future issuance under The Greenbrier Companies, Inc. 2021 Stock Incentive Plan, as amended (the "***Plan***").

We have reviewed the corporate actions of the Company in connection with this matter and have examined the documents, corporate records, and other instruments we deemed necessary for the purposes of this opinion.

In such examination, we have assumed: (i) the authenticity and completeness of all documents submitted to us as original documents and the genuineness of all signatures; (ii) the conformity to the authentic originals of all documents submitted to us as copies; (iii) the truth, accuracy, and completeness of the information, representations and warranties contained in the records, documents, instruments, and certificates we have reviewed; (iv) the legal capacity of each natural person executing the agreements described in this opinion; (v) that there has been no undisclosed waiver of any right, remedy or provision contained in any such documents; (vi) that the statements contained in the certificates and comparable documents of public officials, officers and representatives of the Company and other persons on which we have relied for the purposes of this opinion letter are true and correct on and as of the date hereof; (vii) shares of the Common Stock that the board of directors of the Company reserved for issuance under the Plan will remain available for the issuance of the Shares; and (viii) none of the Company's Restated Articles of Incorporation, as amended and in effect on the date hereof, the Company's Amended and Restated Bylaws, as in effect on the date hereof, nor any of the proceedings relating to either the Plan or any of the award agreements relating to the Shares will be rescinded, amended or otherwise modified prior to the issuance of the Shares. In making our examination of executed documents or documents to be executed, we have assumed that the parties to such documents, other than the Company, had or will have the power, corporate, trust or otherwise, to enter into and perform all obligations under such documents and have also assumed the due authorization by all requisite action, corporate, trust or otherwise, and execution and delivery by such parties of such documents and that such documents constitute valid and binding obligations of such parties.

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when issued and sold in accordance with the terms of the Plan and against proper payment and consideration thereof and pursuant to the agreements that accompany the Plan, will be validly issued, fully paid and nonassessable.

------

We consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.

We express no opinion as to matters governed by any laws other than the corporate laws of the State of Oregon and the federal laws of the United States.

This opinion letter is rendered as of the date first written above, and we disclaim any obligation to advise you of facts, circumstances, events or developments which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein. Our opinion is expressly limited to the matters set forth above, and no opinion should be inferred or implied beyond that expressly stated in this opinion.

Very truly yours,

/s/ Stoel Rives LLP

Stoel Rives LLP

## Exhibit 23.1

**EXHIBIT 23.1** 

**Consent of Independent Registered Public Accounting Firm** 

We consent to the use of our reports dated October 28, 2025, with respect to the consolidated financial statements of The Greenbrier Companies, Inc., and the effectiveness of internal control over financial reporting, incorporated herein by reference.

---

| |
|:---|
| /s/ KPMG LLP |
| Portland, Oregon |
| January 14, 2026 |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

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| |
|:---|
| **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**GREENBRIER COMPANIES INC**  |

---

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type**  | **Security Class Title**  | **Fee Calculation Rule**  | **Amount Registered**  | **Proposed Maximum Offering Price Per Unit**  | **Maximum Aggregate Offering Price**  | **Fee Rate**  | **Amount of Registration Fee**  |
| 1 | Equity | Common Stock, without par value per share | Other | 1374572 | $48.68 | $66914164.96 | 0.0001381 | $9240.85 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $66914164.96  |  | $9240.85  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $9240.85  |

---

 **Offering Note** <br>

<sup>1</sup> 1 Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), the amount registered in Table I by this Registration Statement shall also cover any additional shares of common stock of The Greenbrier Companies, Inc. (the "Company" or "Registrant") that may become issuable under The Greenbrier Companies, Inc. 2021 Stock Incentive Plan, As Amended (the "2021 Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Company's outstanding common stock. 2 The proposed maximum offering price per share and maximum aggregate offering price in Table I are estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $48.68, based on the average of the high sales price ($49.40) and the low sales price ($47.96) for the Company's common stock as reported on the New York Stock Exchange on January 13, 2026, which is within five business days prior to filing this Registration Statement. 3 The shares being registered in row 1 of Table I represent 1,000,000 shares of common stock, without par value, under the 2021 Plan, as a result of the shareholders of the Registrant approving an amendment to the 2021 Plan to, among other things, increase the shares of common stock available for issuance under the 2021 Plan at the Registrant's 2026 Annual Meeting of Shareholders on January 7, 2026. In addition, the shares being registered in row 1 of Table I represent 374,572 shares of common stock, without par value, that were (i) previously covered by awards that lapsed, expired, terminated or were canceled prior to the issuance of such shares or (ii) withheld by or tendered to the Company to satisfy tax withholding obligations related to an award that, in each case, became available for future issuance under the 2021 Plan in accordance with its terms.

---

| | |
|:---|:---|
| | |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

---