Form 4: Westinghouse Air Brake Technologies Corp: Executive Rafael Santana Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Rafael Santana, President and CEO of Westinghouse Air Brake Technologies Corp, reports disposing of 15,564 shares of common stock to cover withholding tax obligations.
Summary
- On March 1, 2024, Rafael Santana, President and CEO of Westinghouse Air Brake Technologies Corp (WAB), disposed of 15,564 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, Santana directly owns 120,926 shares of WAB common stock.
Sentiment
Score: 6
Explanation: The document is neutral as it reports a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal transaction |
| 03/05/2024 | Date of signature on the Form 4 filing |
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