Form 4: Westinghouse Air Brake Technologies Corp: Executive Officer Disposes of Shares for Tax Obligations

Nicole B. Theophilus, EVP & Chief H.R. Officer of Westinghouse Air Brake Technologies Corp, disposed of 1,155 shares of common stock on March 1, 2024, to cover withholding tax obligations.

Summary

• On March 1, 2024, Nicole B. Theophilus, the EVP & Chief H.R. Officer of Westinghouse Air Brake Technologies Corp (WAB), disposed of 1,155 shares of common stock.
• The transaction was executed to cover withholding tax obligations related to the vesting of restricted shares.
• The shares were sold at a price of $141.6175 per share.
• Following the transaction, Theophilus directly owns 21,199 shares of Westinghouse Air Brake Technologies Corp.
• The transaction was reported on a Form 4 filing with the SEC on March 5, 2024.

Sentiment

Score: 5

Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative performance for the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive sentiment and potential alignment with company performance.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates