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WAB (NYSE: WAB) President Transit awarded 3,515 phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Schweitzer Pascal reported acquisition or exercise transactions in this Form 4 filing.

Westinghouse Air Brake Technologies Corporation reported that President Transit Pascal Schweitzer received a grant of 3,515 shares of phantom stock on March 5, 2026. Each phantom stock unit is the economic equivalent of one share of the company’s common stock.

These phantom stock units vest in stages, with 33.33% vesting each year beginning March 1, 2027, aligning Schweitzer’s compensation with the company’s long-term performance. Following this grant, Schweitzer holds a total of 3,515 phantom stock units directly.

Positive

  • None.

Negative

  • None.
Insider Schweitzer Pascal
Role President Transit
Type Security Shares Price Value
Grant/Award Phantom Stock 3,515 $0.00 --
Holdings After Transaction: Phantom Stock — 3,515 shares (Direct)
Footnotes (1)
  1. Each share of phantom stock is the economic equivalent of one share of Westinghouse Air Brake Technologies Corporation's common stock. Shares of Phantom Stock vest at 33.33% per year beginning March 1, 2027.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Schweitzer Pascal
(Last) (First) (Middle)
30 ISABELLA ST.
(Street)
PITTSBURGH PA 15212
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP [ WAB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President Transit
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (1) 03/05/2026 A 3,515 03/01/2029(2) 03/01/2029 Common Stock 3,515 $0 3,515 D
Explanation of Responses:
1. Each share of phantom stock is the economic equivalent of one share of Westinghouse Air Brake Technologies Corporation's common stock.
2. Shares of Phantom Stock vest at 33.33% per year beginning March 1, 2027.
Remarks:
David L. DeNinno, POA for Pascal Schweitzer 03/09/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WAB President Transit Pascal Schweitzer report?

Pascal Schweitzer reported receiving a grant of 3,515 phantom stock units in Westinghouse Air Brake Technologies Corporation. These units are derivative awards that mirror the value of the company’s common stock and are part of his executive compensation package.

What is phantom stock in the WAB Form 4 for Pascal Schweitzer?

In this filing, phantom stock represents units that are the economic equivalent of one share of Westinghouse Air Brake Technologies Corporation’s common stock. They track the share value but are structured as a compensation derivative rather than actual issued shares.

When do Pascal Schweitzer’s WAB phantom stock units vest?

The phantom stock units begin vesting on March 1, 2027, with 33.33% vesting each year. This annual vesting schedule spreads the award over several years, encouraging longer-term alignment between Schweitzer’s incentives and company performance.

How many WAB phantom stock units does Pascal Schweitzer hold after this grant?

After the reported transaction, Pascal Schweitzer directly holds 3,515 phantom stock units in Westinghouse Air Brake Technologies Corporation. This total reflects the new grant reported in the Form 4 and represents his current derivative holdings of this award type.

What transaction code was used in WAB’s Form 4 for Pascal Schweitzer?

The transaction used code A, which indicates a grant, award, or other acquisition of a derivative security. This confirms the phantom stock units were awarded to Pascal Schweitzer as part of compensation, rather than purchased or sold on the open market.