Form 4: Wabtec Executive VP, General Counsel, Sec. David L. DeNinno Reports Acquisition of 5,158 Shares
SEC Form 4 Filing
David L. DeNinno, Executive VP, General Counsel, and Secretary of Westinghouse Air Brake Technologies Corp (Wabtec), reports acquiring 5,158 shares of common stock on March 6, 2024.
Summary
- On March 6, 2024, David L. DeNinno, Executive VP, General Counsel, and Secretary of Westinghouse Air Brake Technologies Corp (Wabtec), acquired 5,158 shares of common stock.
- The shares were acquired directly.
- Following the transaction, DeNinno directly owns 68,368 shares of Wabtec common stock.
- The 30-day average closing price of Wabtec stock as of March 6, 2024, was $135.7189 per share.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard regulatory filing reporting an insider stock transaction.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies.
Stakeholder Impact
- The transaction could have a minor impact on shareholders, as insider transactions are often viewed as a signal of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of the transaction: acquisition of 5,158 shares of common stock. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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