Tax withholding trims Westinghouse Air Brake (NYSE: WAB) shareholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westinghouse Air Brake Technologies Corp Chief Technology Officer Eric Gebhardt reported a tax-related share disposition tied to restricted stock vesting. The company withheld 1,445 shares of common stock at $263.015 per share to cover withholding taxes, leaving him with 23,568 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gebhardt Eric
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock - Direct | 1,445 | $263.015 | $380K |
Holdings After Transaction:
Common Stock - Direct — 23,568 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WAB CTO Eric Gebhardt report on this Form 4?
Eric Gebhardt reported a tax-withholding disposition of Westinghouse Air Brake Technologies common stock. The company withheld 1,445 shares that vested from restricted stock awards to satisfy his tax obligations, rather than an open-market sale transaction.
Was Eric Gebhardt’s WAB Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. The Form 4 shows a tax-withholding disposition, where Westinghouse Air Brake Technologies withheld 1,445 vested restricted shares to cover Eric Gebhardt’s withholding tax obligations instead of him selling shares in the market.
What does the transaction code F mean in Eric Gebhardt’s WAB Form 4?
Transaction code F indicates payment of an exercise price or tax liability using securities. In this case, Westinghouse Air Brake Technologies withheld 1,445 vested restricted shares from Eric Gebhardt to satisfy his tax withholding obligations on that equity compensation event.