Form 4: Westinghouse Air Brake Technologies Corp: Officer Jain Nalin Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Nalin Jain, President of Digital Electronics at Westinghouse Air Brake Technologies Corp, reports the disposal of 1,104 shares of common stock to cover withholding tax obligations.
Summary
- On March 3, 2025, Nalin Jain, President of Digital Electronics at Westinghouse Air Brake Technologies Corp (WAB), disposed of 1,104 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 $183.87 per share.
- Following the transaction, Jain directly owns 16,075 shares of WAB common stock.
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
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
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 commitment to the company.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock disposal transaction. |
| 03/05/2025 | Date of signature on the report. |
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