Form 4: Westinghouse Air Brake Technologies Corp Executive Reports Stock Transactions

Gregory Sbrocco, EVP Operations at Westinghouse Air Brake Technologies Corp, reports acquisition and disposal of company stock and phantom stock on February 13, 2025.

Summary

• On February 13, 2025, Gregory Sbrocco, EVP Operations at Westinghouse Air Brake Technologies Corp (WAB), engaged in transactions involving the company's stock.
• Sbrocco acquired 4,248 shares of common stock at a price of $194.1062 per share.
• Simultaneously, 1,295 shares were disposed of at the same price to satisfy tax obligations.
• Following these transactions, Sbrocco directly owns 19,054 shares of common stock.
• Sbrocco also acquired 2,289 units of phantom stock, with each unit equivalent to one share of common stock, also priced at $194.1062.
• These phantom stock units are payable in annual installments upon separation from service, according to the company's Deferred Compensation Plan for Executive Officers and Directors, with Sbrocco directly owning 2,289 units of phantom stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The phantom stock becomes payable according to the election of payment designation that was filed by the reporting person subject to the Westinghouse Air Brake Technologies Corporation Deferred Compensation Plan for Executive Officers and Directors. Such payment will be in annual installments commencing on the separation from service payment commencement date as defined in the Plan, as elected by the reporting person.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholder sentiment, depending on how they interpret the executive's stock activity.

Key Dates