Form 4: Westinghouse Air Brake Technologies Corp: Executive Acquires Shares

Nicole B. Theophilus, EVP & Chief Admin. Officer of Westinghouse Air Brake Technologies Corp, acquired 2,193 shares of common stock on July 9, 2024.

Summary

• On July 9, 2024, Nicole B. Theophilus, EVP & Chief Admin. Officer of Westinghouse Air Brake Technologies Corp (WAB), acquired 2,193 shares of common stock.
• The shares were acquired at a price of $0, indicating they were likely granted as part of a compensation package.
• The fair market value of the stock on July 9, 2024, was $157.47 per share.
• Following the transaction, Theophilus directly owns 20,409 shares of WAB common stock.
• The acquired shares vest on the third anniversary of the grant date.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting a transaction. The acquisition of shares by an executive is generally viewed as a slightly positive signal, suggesting confidence in the company's prospects.

Positives

• The acquisition of shares by a high-ranking executive can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

This Form 4 filing is a routine disclosure related to insider trading. It provides transparency into the transactions of company executives and their holdings in the company's stock. It is common for executives to receive stock options or grants as part of their compensation packages.

Stakeholder Impact

• The acquisition of shares by an executive could have a slightly positive impact on shareholder sentiment.

Key Dates