Form 4: Wabtec CEO Rafael Santana Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Rafael Santana, President and CEO of Westinghouse Air Brake Technologies Corp (Wabtec), disposed of 17,140 shares of common stock on March 3, 2025, to cover withholding tax obligations.
Summary
- On March 3, 2025, Rafael Santana, the President and CEO of Westinghouse Air Brake Technologies Corp (Wabtec), disposed of 17,140 shares of common stock.
- The transaction was executed to discharge withholding tax obligations related to the vesting of restricted shares.
- The shares were sold at a price of $183.87 per share.
- Following the transaction, Santana directly owns 159,155 shares of Wabtec common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Rafael Santana disposed of shares. |
| 03/05/2025 | Date of signature: David L. DeNinno, POA for Rafael Santana signed the document. |
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