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

Lilian Leroux, EVP and Chief Strategy Officer of Westinghouse Air Brake Technologies Corp, reports acquiring 2,235 shares of phantom stock on March 6, 2024.

Summary

• Lilian Leroux, EVP and Chief Strategy Officer of Westinghouse Air Brake Technologies Corp (WAB), filed a Form 4 on March 8, 2024.
• The report details a transaction on March 6, 2024, where Leroux acquired 2,235 shares of phantom stock.
• These phantom stock shares are the economic equivalent of common stock in Westinghouse Air Brake Technologies Corporation.
• The phantom stock vests at a rate of 33.33% per year, starting on March 1, 2025, and expiring March 1, 2027.
• Following the reported transaction, Leroux beneficially owns 2,235 shares of phantom stock directly.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation, and does not inherently indicate positive or negative sentiment.

Industry Context

Executive compensation in the form of phantom stock is a common practice in publicly traded companies to align management's interests with those of the shareholders.

Stakeholder Impact

• The acquisition of phantom stock by an executive aligns their interests with shareholders, potentially incentivizing performance.

Key Dates