Wabtec (NYSE: WAB) EVP uses 478 shares to settle tax withholding

Rhea-AI Filing Summary

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP executive reports tax-related share disposition. EVP & Chief Admin. Officer Nicole B. Theophilus disposed of 478 shares of common stock at $263.015 per share on March 2, 2026 to cover withholding taxes on vesting restricted shares, and now directly holds 18,802 shares.

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

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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^*

Theophilus Nicole B

(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)
	EVP & Chief Admin. Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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
Common Stock	03/02/2026		F		478(1)	D	$263.015	18,802	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. The amount of securities withheld by the Company to discharge withholding tax obligations of the reporting person in connection with the vesting of restricted shares.

Remarks:

	David L. DeNinno, POA for Nicole Theophilus	03/04/2026
	** 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).
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FAQ

What insider transaction did WAB executive Nicole B. Theophilus report?

Nicole B. Theophilus reported disposing of 478 shares of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP common stock. The shares were withheld by the company to satisfy tax obligations tied to vesting restricted shares, not as an open-market sale, and she continues to hold 18,802 shares directly.

Was the WAB Form 4 transaction an open-market sale of shares?

No, the WAB Form 4 transaction was a tax-withholding disposition, not an open-market sale. The company withheld 478 shares upon vesting of restricted stock to cover the executive’s tax liability, a common administrative mechanism for equity compensation.

How many WAB shares does Nicole B. Theophilus hold after this Form 4?

After the tax-withholding disposition, Nicole B. Theophilus directly holds 18,802 shares of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP common stock. This figure reflects her ownership following the company’s withholding of 478 shares to satisfy associated tax obligations on vesting restricted shares.

At what price were the WAB shares valued in the tax-withholding disposition?

The 478 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shares in the tax-withholding disposition were valued at $263.015 per share. This price is used for calculating the value of shares withheld to satisfy the executive’s tax obligations when restricted stock awards vest.

What does transaction code "F" mean in the WAB Form 4 filing?

Transaction code “F” in the WAB Form 4 indicates a tax-withholding disposition. It shows that shares were delivered back to the company to pay the exercise price or related tax liability, rather than representing a discretionary purchase or sale on the open market.