Form 4: Westinghouse Air Brake Technologies Corp: Officer Nalin Jain Reports Stock Transaction
SEC Form 4 Filing
Nalin Jain, President of Digital Electronics at Westinghouse Air Brake Technologies Corp, reports the disposal of 1,055 shares to cover tax obligations.
Summary
- On March 1, 2024, Nalin Jain, President of Digital Electronics at Westinghouse Air Brake Technologies Corp (WAB), disposed of 1,055 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, Jain directly owns 10,780 shares of Westinghouse Air Brake Technologies Corp.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for 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 filing indicates a standard transaction to cover tax obligations upon vesting of restricted stock, a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares). |
| 03/05/2024 | Date of signature on the report. |
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