Tax-withholding share disposition by Wabtec (WAB) executive Mendonca
Rhea-AI Filing Summary
Westinghouse Air Brake Technologies Corp executive Rogerio Mendonca, President of the Equipment Group, reported a disposition of 1,125 shares of common stock on a tax-withholding basis at $263.015 per share. The company withheld these shares to cover his tax obligations upon vesting of restricted shares, leaving him with 8,976 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,125 shares
Net Sell
1 txn
Insider
Mendonca Rogerio
Role
President, Equipment Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock - Direct | 1,125 | $263.015 | $296K |
Holdings After Transaction:
Common Stock - Direct — 8,976 shares (Direct)
Footnotes (1)
- F1. 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.
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FAQ
What did WAB executive Rogerio Mendonca report in this Form 4 filing?
Rogerio Mendonca reported a disposition of 1,125 shares of Westinghouse Air Brake Technologies common stock. The shares were withheld by the company to satisfy his tax obligations when restricted shares vested, and he now directly holds 8,976 shares.
What does transaction code "F" mean in Rogerio Mendonca’s WAB Form 4?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,125 shares were withheld by Westinghouse Air Brake Technologies to satisfy Mendonca’s tax obligations when his restricted shares vested, rather than being sold on the market.