Westinghouse director granted 765 WAB shares

BANKS LEE C reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/15/2026 - 11:32 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BANKS LEE C reported acquisition or exercise transactions in this Form 4 filing.

Westinghouse Air Brake Technologies Corp director Lee C. Banks reported a stock award of 765 shares of common stock. The grant was recorded at a fair market value of $268.035 per share on May 13, 2026 and carries no purchase price.

Following this grant, Banks directly holds 13,598 common shares. According to the disclosure, the awarded shares vest on the first anniversary of the grant date, meaning they become fully owned by Banks after one year of service from that date.

Insider Trade Summary

Grant/Award: 765 shares

Grant/Award 1 txn

Insider BANKS LEE C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock - Direct	765	$0.00	$0.00

Holdings After Transaction: Common Stock - Direct — 13,598 shares (Direct)

Footnotes (2)

1. F1. Fair Market Value of the stock on May 13, 2026 was $268.035 per share.
2. F2. Shares vest on the first anniversary of grant date.

Key Figures

Stock award size: 765 shares Fair market value per share: $268.035 per share Total holdings after grant: 13,598 shares

3 metrics

Stock award size 765 shares Common stock grant on May 13, 2026

Fair market value per share $268.035 per share Value on May 13, 2026 for grant

Total holdings after grant 13,598 shares Director’s direct WAB common stock holdings post-transaction

Key Terms

Grant, award, or other acquisition, Fair Market Value, vest

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Fair Market Value financial

"Fair Market Value of the stock on May 13, 2026 was $268.035 per share."

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

vest financial

"Shares vest on the first anniversary of grant date."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Lee C. Banks report in this Form 4 for WAB?

Lee C. Banks reported receiving a grant of 765 shares of Westinghouse Air Brake Technologies common stock. The award was reported at a fair market value of $268.035 per share on May 13, 2026 and did not involve a purchase price.

Is the Lee C. Banks transaction in WAB stock a purchase or a grant?

The transaction is a grant of shares, not an open-market purchase. It is classified as a “Grant, award, or other acquisition,” meaning the director received 765 common shares as compensation rather than buying them in the market.

What is the fair market value used for the WAB stock award to Lee C. Banks?

The fair market value used for the award was $268.035 per share as of May 13, 2026. This value is typically used for accounting and compensation purposes, even though the director did not pay cash for the granted shares.

When do the newly granted WAB shares to Lee C. Banks vest?

The granted shares vest on the first anniversary of the grant date. This means the 765 common shares become fully owned by Lee C. Banks one year after May 13, 2026, provided the vesting conditions, such as continued service, are satisfied.

How many WAB shares does Lee C. Banks hold after this Form 4 transaction?

After the reported grant, Lee C. Banks directly holds 13,598 shares of Westinghouse Air Brake Technologies common stock. This total includes the 765 newly awarded shares, as disclosed in the Form 4 following the May 13, 2026 grant.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

BANKS LEE C

(Last) (First) (Middle)

30 ISABELLA ST.

(Street)

PITTSBURGH PENNSYLVANIA 15212

(City) (State) (Zip)

UNITED STATES

(Country)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock - Direct	05/13/2026		A		765	A	$0(1)(2)	13,598	D

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

Explanation of Responses:

1. Fair Market Value of the stock on May 13, 2026 was $268.035 per share.

2. Shares vest on the first anniversary of grant date.

Remarks:

	David L. DeNinno, POA for Lee Banks	05/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)