Form 4: Wabtec Executive Pascal Schweitzer Sells 6,000 Shares

Pascal Schweitzer, President Transit at Westinghouse Air Brake Technologies Corp (Wabtec), sold 6,000 shares of common stock at an average price of $140.6077 on March 11, 2024.

Summary

• On March 11, 2024, Pascal Schweitzer, President Transit at Westinghouse Air Brake Technologies Corp (Wabtec), sold 6,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $140.6077 per share.
• The total number of shares beneficially owned by Schweitzer following the transaction is 16,633.
• The shares were sold directly by Schweitzer.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by an executive.

Industry Context

Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects, although they don't always indicate a negative outlook.

Stakeholder Impact

• The sale of shares by an executive could potentially influence investor sentiment, although the impact is likely to be minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates