Greenbrier Companies Inc. , +0.28% lost 0.9% Thursday morning after the Securities and Exchange Commission announced that the freight transport company and its founder and former chief executives, David Furman, had agreed to $1 million and $100,000 in civil penalties. The SEC alleged that Furman was paid perks and compensation for chartering his private plane to be used by company executives. The SEC discovered that Furman owned a private plane that he leased from a management company. Greenbrier paid $3 million to that company to charter Furman’s plane. However, Greenbrier did not disclose that Furman had received $1.6million of that payment. The SEC also stated that Furman received $320,000 in perks from the company, mostly to cover travel expenses for spouses to attend industry and customer functions. Furman was elected CEO in March 2022. He also retired in August 2022 from all executive offices. However, he remains a member of the board until January 2024. Greenbrier’s stock dropped 28.9% in the last 12 months while the Dow Jones Transportation Average DMT, +1.86%, has fallen 4.4%, and the Dow Jones Industrial Average DIA, +1.05%, has lost 3.5%.