Form 4: Westinghouse Air Brake Technologies Corp: Executive Lilian Leroux Reports Acquisition of Phantom Stock

EVP and Chief Strategy Officer Lilian Leroux reports acquiring 1,842 shares of phantom stock in Westinghouse Air Brake Technologies Corp.

Summary

• On March 20, 2025, Lilian Leroux, EVP and Chief Strategy Officer of Westinghouse Air Brake Technologies Corp (WAB), reported acquiring 1,842 shares of phantom stock.
• The phantom stock vests at a rate of 33.33% per year, starting on March 1, 2026.
• Each share of phantom stock is equivalent to one share of WAB's common stock.
• Following the transaction, Ms. Leroux directly owns 1,842 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to key executives.

Stakeholder Impact

• The acquisition of phantom stock by an executive aligns their interests with those of the shareholders, potentially incentivizing them to improve company performance.

Key Dates

Keywords

Form 4, Westinghouse Air Brake Technologies Corp, WAB, Lilian Leroux, Phantom Stock, Executive Compensation, Beneficial Ownership, SEC Filing