Wabtec (NYSE: WAB) EVP DeNinno sells 2,500 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westinghouse Air Brake Technologies Corp executive David L. DeNinno sold 2,500 shares of common stock in an open-market transaction. The shares were sold at an average price of $265.475 per share. After this sale, he continues to hold 58,128 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,500 shares ($663,688)
Net Sell
1 txn
Insider
DeNinno David L
Role
Exec VP, General Counsel, Sec.
Sold
2,500 shs ($664K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock - Direct | 2,500 | $265.475 | $664K |
Holdings After Transaction:
Common Stock - Direct — 58,128 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 2,500 shares
Sale price: $265.475 per share
Shares held after sale: 58,128 shares
3 metrics
Shares sold
2,500 shares
Open-market sale of common stock
Sale price
$265.475 per share
Average sale price for the 2,500 shares
Shares held after sale
58,128 shares
Direct holdings after the transaction
Key Terms
open-market sale, Form 4, Common Stock, Section 16
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"This transaction was disclosed on a Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock - Direct""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Section 16 regulatory
"His insider transactions are reported under Section 16 rules"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did WAB executive David L. DeNinno report?
David L. DeNinno reported an open-market sale of 2,500 shares of Westinghouse Air Brake Technologies common stock. This transaction was disclosed on a Form 4 and reflects a routine insider share disposal at a specified market price.
What role does David L. DeNinno hold at Westinghouse Air Brake Technologies (WAB)?
David L. DeNinno serves as Executive Vice President, General Counsel, and Secretary at Westinghouse Air Brake Technologies. His insider transactions are reported under Section 16 rules, requiring disclosure of trades in the company’s equity securities.
Was the reported WAB insider trade a purchase or a sale?
The transaction was a sale. David L. DeNinno executed an open-market sale of 2,500 Westinghouse Air Brake Technologies common shares, as indicated by the Form 4 transaction code “S” and the classification as an open-market transaction.