Form 4: Westinghouse Air Brake Technologies Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
John A. Olin, Executive Vice President & CFO of Westinghouse Air Brake Technologies Corp, disposed of shares to cover withholding tax obligations.
Summary
- On August 30, 2024, John A. Olin, the Executive Vice President & CFO of Westinghouse Air Brake Technologies Corp (WAB), disposed of 5,165 shares of common stock.
- The shares were sold at a price of $168.035 per share.
- This transaction was executed to cover withholding tax obligations related to the vesting of restricted shares.
- Following the transaction, Olin directly owns 40,821 shares of WAB common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
Executive share disposals are a common occurrence, often related to tax obligations or diversification strategies. Monitoring these transactions can provide insights into management's perspective on the company's value.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of the transaction where John A. Olin disposed of shares. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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