Form 4: Westinghouse Air Brake Technologies Corp: Officer Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Alicia Hammersmith, President of Services Group at Westinghouse Air Brake Technologies Corp, disposed of 386 shares to cover withholding tax obligations.
Summary
- On March 1, 2024, Alicia Hammersmith, President Services Group at Westinghouse Air Brake Technologies Corp (WAB), disposed of 386 shares of common stock.
- The transaction was executed to cover withholding tax obligations related to the vesting of restricted shares.
- The shares were disposed of at a price of $141.6175 per share.
- Following the transaction, Ms. Hammersmith directly owns 6,880 shares of WAB common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a small number of shares being sold to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Alicia Hammersmith disposed of 386 shares of WAB common stock. |
| 03/05/2024 | Date of signature: David L. DeNinno, POA for Alicia M. Hammersmith, signed the Form 4. |
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