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 1,250 shares of common stock to cover withholding tax obligations.
Summary
- On March 1, 2024, Eric Gebhardt, the Chief Technology Officer of Westinghouse Air Brake Technologies Corp (WAB), disposed of 1,250 shares of common stock.
- The disposal was a result of the company withholding shares to cover the reporting person's withholding tax obligations related to the vesting of restricted shares.
- The price per share was $141.6175.
- Following the transaction, Gebhardt directly owns 25,677 shares of WAB common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted shares vest.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the transaction where 1,250 shares of common stock were disposed of. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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