Form 4: Westinghouse Air Brake Technologies Corp Executive Sells Shares to Cover Tax Obligations

Alicia Hammersmith, President of the Services Group at Westinghouse Air Brake Technologies Corp, sold 467 shares of common stock to cover tax obligations related to vesting restricted shares.

Summary

• Alicia Hammersmith, President of the Services Group at Westinghouse Air Brake Technologies Corp (WAB), sold 467 shares of common stock on November 18, 2024.
• The sale was executed at a price of $195.4054 per share.
• This transaction was to cover withholding tax obligations related to the vesting of restricted shares.
• Following the transaction, Ms. Hammersmith directly owns 5,139 shares of WAB common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 467 shares is a relatively small transaction and is not unusual for an executive at a company like Westinghouse Air Brake Technologies Corp.
• Similar transactions are regularly reported by executives at comparable industrial companies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Westinghouse Air Brake Technologies Corp, WAB, insider trading, stock sale, Form 4, executive, Alicia Hammersmith, tax obligations, restricted shares