Reported relationships
Latest disclosed role at each company.
No relationships currently tracked through insider filings.
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
No balances currently tracked through insider filings.
Past disclosures · reporting ended (1)
No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.
GATX CORP
Report date December 31, 2019 · Filed January 28, 2020
Section 16 reporting ended · disclosed 2020-01-28. Current position is not established by this disclosure.
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | Direct | 7,660 |
Reported balance
Holding disclosure · report date 2019-12-31 · row 1
Holding and transaction disclosures are not merged.
1 source rowRow 1 · Balance 7,660 |
| Common Stock 401(k)SEC Table I · non-derivative | Indirect401(k) Plan | 1,256 |
Reported balance
Holding disclosure · report date 2019-12-31 · row 2
Holding and transaction disclosures are not merged.
1 source rowRow 2 · Balance 1,256 F1: Consists of shares held through the GATX 401(k) plan. F2: The price of the stock is based on the closing price on December 31, 2019. |
Filing footnotes · ownership attribution and instrument terms
F1: Consists of shares held through the GATX 401(k) plan.
F2: The price of the stock is based on the closing price on December 31, 2019.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| July 31, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversion2017 NQ Stock Option (Right to Buy) · Derivative | 2,000 | $0.00 Strike: $61.18 | $0.00 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · derivative · entry 13 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,700 Underlying: Common Stock · 2,000 shares Expires 2024-01-26 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 31, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversion2016 NQ Stock Option (Right to Buy) · Derivative | 2,200 | $0.00 Strike: $39.19 | $0.00 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · derivative · entry 12 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 2,200 shares Expires 2023-01-28 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 31, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 2,709 | $78.23 | $211,916.67 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · nonDerivative · entry 9 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,660 F3 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $78.48 and the lowest price at which shares were sold was $77.63 Read SEC document |
| July 31, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 1,491 | $77.10 | $114,951.78 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · nonDerivative · entry 8 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,369 F2 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $77.50 and the lowest price at which shares were sold was $76.56 Read SEC document |
| July 31, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 1,606 | $78.30 | $125,756.22 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · nonDerivative · entry 7 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,860 F1 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $78.44 and the lowest price at which shares were sold was $78.08. Read SEC document |
| July 31, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionCommon Stock | 2,000 | $61.18 | $122,350.00 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · nonDerivative · entry 6 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 13,466 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 31, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionCommon Stock | 2,200 | $39.19 | $86,207.00 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · nonDerivative · entry 5 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,466 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 30, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionStock-Settled Stock Appreciation Right · Derivative | 4,900 | $0.00 Strike: $56.91 | $0.00 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · derivative · entry 11 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 4,900 shares Expires 2022-01-29 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 30, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionStock-Settled Stock Appreciation Right · Derivative | 4,000 | $0.00 Strike: $58.35 | $0.00 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · derivative · entry 10 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 4,000 shares Expires 2021-01-30 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 30, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Tax withholdingCommon Stock | 7,294 | $77.31 | $563,899.14 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · nonDerivative · entry 4 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,266 Read SEC document |
| July 30, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionCommon Stock | 4,900 | $56.91 | $278,859.00 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · nonDerivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 16,560 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 30, 2019 Filed Aug 1, 2019 17:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionCommon Stock | 4,000 | $58.35 | $233,380.00 |
DisclosureSEC source: 0001246360-19-001843 · form.xml · nonDerivative · entry 2 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,660 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| June 10, 2019 Filed Jun 11, 2019 19:49 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversion2016 NQ Stock Option (Right to Buy) · Derivative | 4,200 | $0.00 Strike: $39.19 | $0.00 |
DisclosureSEC source: 0001246360-19-001624 · form.xml · derivative · entry 4 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,200 Underlying: Common Stock · 4,200 shares Expires 2023-01-28 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| June 10, 2019 Filed Jun 11, 2019 19:49 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 4,200 | $75.13 | $315,546.42 |
DisclosureSEC source: 0001246360-19-001624 · form.xml · nonDerivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,660 F1 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $75.29 and the lowest price at which shares were sold was $74.82 Read SEC document |
| June 10, 2019 Filed Jun 11, 2019 19:49 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionCommon Stock | 4,200 | $39.19 | $164,577.00 |
DisclosureSEC source: 0001246360-19-001624 · form.xml · nonDerivative · entry 2 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,860 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 24, 2019 Filed Jan 28, 2019 18:42 UTC | GATX CORP GATX · Entity 2783 | Grant2019 NQ Stock Option (Right to Buy) · Derivative | 4,000 | $0.00 Strike: $71.53 | $0.00 |
DisclosureSEC source: 0001246360-19-000354 · form.xml · derivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,000 Underlying: Common Stock · 4,000 shares Expires 2026-01-24 F1 · derivative.exercise_date: 33.33% of Stock Option granted may be exercised commencing 1 year from the date of the grant, an additional 33.33% commencing 2 years from the date of the grant and the remaining 33.34% commencing 3 years from the date of the grant. Read SEC document |
| August 08, 2018 Filed Aug 9, 2018 13:07 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 2,500 | $84.94 | $212,350.00 |
DisclosureSEC source: 0001246360-18-001998 · form.xml · nonDerivative · entry 5 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,660 Read SEC document |
| August 08, 2018 Filed Aug 9, 2018 13:07 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 1,430 | $84.93 | $121,445.90 |
DisclosureSEC source: 0001246360-18-001998 · form.xml · nonDerivative · entry 4 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,160 F1 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $85.08 and the lowest price at which shares were sold was $84.70 Read SEC document |
| August 07, 2018 Filed Aug 9, 2018 13:07 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionStock-Settled Stock Appreciation Right · Derivative | 4,400 | $0.00 Strike: $45.89 | $0.00 |
DisclosureSEC source: 0001246360-18-001998 · form.xml · derivative · entry 6 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 4,400 shares Expires 2020-01-24 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| August 07, 2018 Filed Aug 9, 2018 13:07 UTC | GATX CORP GATX · Entity 2783 | Tax withholdingCommon Stock | 2,970 | $84.99 | $252,420.30 |
DisclosureSEC source: 0001246360-18-001998 · form.xml · nonDerivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,590 Read SEC document |
| August 07, 2018 Filed Aug 9, 2018 13:07 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionCommon Stock | 4,400 | $45.89 | $201,920.40 |
DisclosureSEC source: 0001246360-18-001998 · form.xml · nonDerivative · entry 2 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 14,560 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 25, 2018 Filed Jan 29, 2018 18:49 UTC | GATX CORP GATX · Entity 2783 | Grant2018 NQ Stock Option (Right to Buy) · Derivative | 4,200 | $0.00 Strike: $69.74 | $0.00 |
DisclosureSEC source: 0001246360-18-000355 · form.xml · derivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,200 Underlying: Common Stock · 4,200 shares Expires 2025-01-25 F1 · derivative.exercise_date: 33.33% of Stock Option granted may be exercised commencing 1 year from the date of the grant, an additional 33.33% commencing 2 years from the date of the grant and the remaining 33.34% commencing 3 years from the date of the grant. Read SEC document |
| January 23, 2018 Filed Jan 24, 2018 22:56 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 1,109 | $69.08 | $76,608.06 |
DisclosureSEC source: 0001246360-18-000294 · form.xml · nonDerivative · entry 4 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,160 F2 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $69.6 and the lowest price at which shares were sold was $68.93 Read SEC document |
| January 22, 2018 Filed Jan 24, 2018 22:56 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionStock-Settled Stock Appreciation Right · Derivative | 4,600 | $0.00 Strike: $44.02 | $0.00 |
DisclosureSEC source: 0001246360-18-000294 · form.xml · derivative · entry 5 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 4,600 shares Expires 2019-01-26 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 22, 2018 Filed Jan 24, 2018 22:56 UTC | GATX CORP GATX · Entity 2783 | Tax withholdingCommon Stock | 3,491 | $69.46 | $242,484.86 |
DisclosureSEC source: 0001246360-18-000294 · form.xml · nonDerivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,269 Read SEC document |
| January 22, 2018 Filed Jan 24, 2018 22:56 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionCommon Stock | 4,600 | $44.02 | $202,469.00 |
DisclosureSEC source: 0001246360-18-000294 · form.xml · nonDerivative · entry 2 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 14,760 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 16, 2017 Filed Mar 17, 2017 21:28 UTC | GATX CORP GATX · Entity 2783 | OtherCommon Stock 401(k) | 1,683 | $59.40 | $99,970.20 |
DisclosureSEC source: 0001246360-17-001414 · form.xml · nonDerivative · entry 2 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Indirect · 401(k) Plan Disclosed balance after: 1,177 Read SEC document |
| March 16, 2017 Filed Mar 17, 2017 21:28 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 1,000 | $59.06 | $59,059.70 |
DisclosureSEC source: 0001246360-17-001414 · form.xml · nonDerivative · entry 1 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,160 F1 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $59.14 and the lowest price at which shares were sold was $59.00 Read SEC document |
| January 26, 2017 Filed Jan 30, 2017 22:42 UTC | GATX CORP GATX · Entity 2783 | Grant2017 NQ Stock Option (Right to Buy) · Derivative | 4,700 | $0.00 Strike: $61.18 | $0.00 |
DisclosureSEC source: 0001246360-17-000385 · form.xml · derivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,700 Underlying: Common Stock · 4,700 shares Expires 2024-01-26 F1 · derivative.exercise_date: 33.33% of Stock Option granted may be exercised commencing 1 year from the date of the grant, an additional 33.33% commencing 2 years from the date of the grant and the remaining 33.34% commencing 3 years from the date of the grant. Read SEC document |
| November 09, 2016 Filed Nov 14, 2016 11:00 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 308 | $48.16 | $14,833.56 |
DisclosureSEC source: 0001246360-16-007132 · form.xml · nonDerivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,160.656 F2 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $48.25 and the lowest price at which shares were sold was $48.03 Read SEC document |
| November 09, 2016 Filed Nov 14, 2016 11:00 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 3,010 | $47.31 | $142,417.25 |
DisclosureSEC source: 0001246360-16-007132 · form.xml · nonDerivative · entry 2 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,468.656 F1 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $47.94 and the lowest price at which shares were sold was $47.00 Read SEC document |
| October 25, 2016 Filed Oct 26, 2016 21:42 UTC | GATX CORP GATX · Entity 2783 | SaleCommon Stock | 1,300 | $46.02 | $59,824.96 |
DisclosureSEC source: 0001246360-16-007001 · form.xml · nonDerivative · entry 4 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 14,478.656 F1 · shares: Represents the weighted average sale price. The highest price at which shares were sold was $46.19 and the lowest price at which shares were sold was $46.00 Read SEC document |
| October 24, 2016 Filed Oct 26, 2016 21:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionStock-Settled Stock Appreciation Right · Derivative | 5,800 | $0.00 Strike: $33.94 | $0.00 |
DisclosureSEC source: 0001246360-16-007001 · form.xml · derivative · entry 5 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 5,800 shares Expires 2018-01-27 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| October 24, 2016 Filed Oct 26, 2016 21:42 UTC | GATX CORP GATX · Entity 2783 | Tax withholdingCommon Stock | 4,697 | $46.88 | $220,171.88 |
DisclosureSEC source: 0001246360-16-007001 · form.xml · nonDerivative · entry 3 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 15,778.656 Read SEC document |
| October 24, 2016 Filed Oct 26, 2016 21:42 UTC | GATX CORP GATX · Entity 2783 | Exercise / conversionCommon Stock | 5,800 | $33.94 | $196,823.00 |
DisclosureSEC source: 0001246360-16-007001 · form.xml · nonDerivative · entry 2 MUCKIAN WILLIAM M · CIK 0001204289 · Sr. VP and Controller 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,475.656 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.