WAB.NYSEWestinghouse Air Brake Technologies CORP

Form 4: Westinghouse Air Brake Technologies Corp: Executive Acquires Phantom Stock

Sentiment:

SEC Form 4 Filing

📋All filings for Westinghouse Air Brake Technologies CORP
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Pascal Schweitzer, President Transit at Westinghouse Air Brake Technologies Corp, reports acquisition of phantom stock.

Summary

  • On March 20, 2025, Pascal Schweitzer, President Transit at Westinghouse Air Brake Technologies Corp (WAB), acquired 4,696 shares of phantom stock.
  • The phantom stock is the economic equivalent of WAB's common stock.
  • The acquired phantom stock vests at a rate of 33.33% per year, starting on March 1, 2026.
  • Following the transaction, Schweitzer directly owns 4,696 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, as it involves phantom stock, which is primarily relevant to the executive's compensation.

Key Dates

DateDescription
03/20/2025Date of transaction: Pascal Schweitzer acquired phantom stock.
03/24/2025Date of signature on the report by David L. DeNinno, POA for Pascal Schweitzer.
03/01/2026Vesting of phantom stock begins at 33.33% per year.
03/01/2028Expiration date of the phantom stock.

Keywords

Form 4, Westinghouse Air Brake Technologies Corp, WAB, Pascal Schweitzer, President Transit, Phantom Stock, Insider Trading, Beneficial Ownership

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