Form 4: Westinghouse Air Brake Technologies Corp: Officer Disposes of Shares for Tax Obligations
SEC Form 4 Filing
John A. Mastalerz Jr., VP Fin., Corp. Controller, and CAO of Westinghouse Air Brake Technologies Corp, disposed of 473 shares of common stock on March 1, 2024, to cover withholding tax obligations.
Summary
- On March 1, 2024, John A. Mastalerz Jr., a VP Fin., Corp. Controller, and CAO at Westinghouse Air Brake Technologies Corp (WAB), disposed of 473 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, Mastalerz directly owns 10,950 shares of WAB common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no indication of positive or negative 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, which is a common reason for share disposals.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Disposal of 473 shares of common stock. |
| 03/05/2024 | Date of signature by David L. DeNinno, POA for John A. Mastalerz, Jr. |
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