Shares withheld for taxes at Westinghouse Air Brake (NYSE: WAB)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westinghouse Air Brake Technologies Corp executive David L. DeNinno reported a tax-related share disposition. On the vesting of restricted shares, the company withheld 2,243 shares of common stock to cover his withholding tax obligations at a price of $263.015 per share. After this withholding, he directly owns 56,865 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeNinno David L
Role
Exec VP, General Counsel, Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock - Direct | 2,243 | $263.015 | $590K |
Holdings After Transaction:
Common Stock - Direct — 56,865 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WAB executive David L. DeNinno report?
David L. DeNinno reported a tax-related disposition of shares. The company withheld 2,243 common shares upon vesting of restricted stock to satisfy his withholding tax obligations, rather than an open-market sale.
Does the WAB Form 4 show an open-market sale by David L. DeNinno?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover taxes due on restricted stock vesting, as described in the transaction code and footnote.
What does transaction code F mean in the WAB Form 4 filing?
Transaction code F indicates shares were used to pay taxes or exercise costs. Here, it reflects the company withholding common shares to satisfy DeNinno’s tax liability on restricted stock vesting, rather than a discretionary trade.