Form 4: Westinghouse Air Brake Technologies Corp: Executive Sbrocco Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP Operations Gregory Sbrocco reports the disposal of 1,028 common stock shares to cover withholding tax obligations related to vesting restricted shares.
Summary
- On March 3, 2025, Gregory Sbrocco, EVP Operations at Westinghouse Air Brake Technologies Corp (WAB), disposed of 1,028 shares of common stock.
- The disposal was executed to cover withholding tax obligations related to the vesting of restricted shares.
- The shares were sold at a price of $183.87 per share.
- Following the transaction, Sbrocco directly owns 18,026 shares of WAB common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock disposal transaction. |
| 03/05/2025 | Date of signature on the report. |
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