Form 4: Westinghouse Air Brake Technologies Corp Executive VP, General Counsel, and Secretary Reports Stock Transaction
SEC Form 4 Filing
David L. DeNinno, Executive VP, General Counsel, and Secretary of Westinghouse Air Brake Technologies Corp, reports the disposal of 2,325 shares of common stock to cover withholding tax obligations.
Summary
- On March 1, 2024, David L. DeNinno, Executive VP, General Counsel, and Secretary of Westinghouse Air Brake Technologies Corp [WAB], disposed of 2,325 shares of common stock.
- The transaction was to cover withholding tax obligations related to the vesting of restricted shares.
- The price per share was $141.6175.
- Following the transaction, DeNinno directly owns 63,210 shares of Westinghouse Air Brake Technologies Corp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested shares, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal transaction |
| 03/05/2024 | Date of signature on the Form 4 filing |
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