Form 4: Westinghouse Air Brake Technologies Corp: Officer Gebhardt Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Eric Gebhardt, Chief Technology Officer of Westinghouse Air Brake Technologies Corp, reports disposing of 5,903 shares to cover withholding tax obligations.
Summary
- On October 14, 2024, Eric Gebhardt, the Chief Technology Officer of Westinghouse Air Brake Technologies Corp (WAB), disposed of 5,903 shares of common stock.
- The disposal was executed to cover withholding tax obligations related to the vesting of restricted shares.
- The price per share for the transaction was $187.95.
- Following the transaction, Gebhardt directly owns 16,508 shares of WAB common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a routine event.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
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 |
|---|---|
| 10/14/2024 | Date of stock disposal transaction |
| 10/16/2024 | Date of signature for the report |
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