Form 4: Westinghouse Air Brake Technologies Corp Director Sells Shares

William E. Kassling, a director at Westinghouse Air Brake Technologies Corp, disposed of 350 shares of common stock indirectly through a gift.

Summary

• William E. Kassling, a director of Westinghouse Air Brake Technologies Corp, reported a transaction involving the disposal of 350 shares of common stock.
• The transaction occurred on January 16, 2025, and was classified as a gift.
• The shares were disposed of indirectly through Davideco, Inc., a DE corporation.
• Following the transaction, Mr. Kassling beneficially owns 671,304 shares indirectly through Davideco, Inc., 79,510.2 shares directly, and 3,280 shares indirectly through his spouse.

Sentiment

Score: 5

Explanation: This is a neutral transaction report, not indicative of positive or negative sentiment. It's a routine disclosure of a director's share disposal.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting of indirect ownership through entities like Davideco, Inc. is also a common practice.
• The level of detail provided in this filing is consistent with SEC requirements for Form 4 filings.

Stakeholder Impact

• This transaction is unlikely to have a significant impact on stakeholders as it is a relatively small disposal of shares by a director.

Key Dates

Keywords

Westinghouse Air Brake Technologies Corp, WAB, Director, William E. Kassling, Share Disposal, Form 4, Insider Trading, Beneficial Ownership