Form 4: Westinghouse Air Brake Technologies Corp: Executive Acquires Phantom Stock
SEC Form 4 Filing
Pascal Schweitzer, President Transit at Westinghouse Air Brake Technologies Corp, acquired 4,726 shares of phantom stock on March 6, 2024.
Summary
- On March 6, 2024, Pascal Schweitzer, President Transit of Westinghouse Air Brake Technologies Corp (WAB), acquired 4,726 shares of phantom stock.
- The phantom stock vests at a rate of 33.33% per year, starting on March 1, 2025.
- Each share of phantom stock is equivalent to one share of WAB's common stock.
- Following the transaction, Schweitzer directly owns 4,726 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, common for publicly traded companies. It provides transparency into the compensation and stock ownership of company executives.
Stakeholder Impact
- The acquisition of phantom stock aligns the executive's interests with those of the shareholders, as the value of the phantom stock is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of phantom stock acquisition |
| 03/01/2025 | Vesting of phantom stock begins at 33.33% per year |
| 03/01/2027 | Expiration date of phantom stock |
| 03/08/2024 | Date of Form 4 filing |
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