Form 4: Westinghouse Air Brake Technologies Corp: Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gregory Sbrocco, Sr. VP of Global Operations at Westinghouse Air Brake Technologies Corp, disposed of 659 shares to cover withholding tax obligations.
Summary
- On March 1, 2024, Gregory Sbrocco, Sr. VP of Global Operations at Westinghouse Air Brake Technologies Corp (WAB), disposed of 659 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, Sbrocco directly owns 15,308 shares of WAB common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a routine transaction and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
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 |
|---|---|
| 03/01/2024 | Date of transaction: Gregory Sbrocco disposed of 659 shares of WAB common stock. |
| 03/05/2024 | Date of signature: David L. DeNinno, POA for Gregory Sbrocco, signed the Form 4. |
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