Wabtec (NYSE: WAB) EVP has 1,227 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westinghouse Air Brake Technologies Corp executive Gregory Sbrocco reported a tax-related share disposition. On the vesting of restricted stock, the company withheld 1,227 shares of common stock at a price of $263.015 per share to cover his withholding tax obligations. This was recorded as a tax-withholding disposition rather than an open-market sale. After this transaction, he directly owns 19,932 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sbrocco Gregory
Role
EVP Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock - Direct | 1,227 | $263.015 | $323K |
Holdings After Transaction:
Common Stock - Direct — 19,932 shares (Direct)
Footnotes (1)
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FAQ
What did WAB executive Gregory Sbrocco report in this Form 4 filing?
Gregory Sbrocco reported a tax-withholding disposition of shares. The company withheld 1,227 shares of Westinghouse Air Brake Technologies common stock to satisfy his tax obligations when restricted stock vested, rather than him selling shares in the open market.
Was Gregory Sbrocco’s WAB transaction an open-market sale or a tax withholding?
The transaction was a tax withholding, not an open-market sale. The company withheld 1,227 shares to satisfy Gregory Sbrocco’s tax obligations tied to restricted stock vesting, as described in the Form 4 footnote and coded as a tax-withholding disposition.
What role does Gregory Sbrocco hold at Westinghouse Air Brake Technologies (WAB)?
Gregory Sbrocco serves as Executive Vice President of Operations. His Form 4 filing reflects equity compensation activity, specifically restricted shares vesting and related tax-withholding, in his capacity as a senior officer of Westinghouse Air Brake Technologies Corp.