Theophilus Nicole B 4
Research Summary
AI-generated summary
WAB EVP Theophilus Nicole B Receives Stock Award
What Happened
- Theophilus Nicole B, Executive Vice President & Chief Administrative Officer of Westinghouse Air Brake Technologies Corp. (WAB), was granted 2,192 shares (transaction code A) on July 1, 2026. The grant was recorded at $0.00 per share (acquired without cash outlay); the reported fair market value was $266.7510 per share, implying a grant value of approximately $584,718.19.
- This was an award/grant (compensation), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (appears timely).
- Price per share reported on Form 4: $0.00 (award); FMV used in footnote: $266.7510/share.
- Total implied value at FMV: ≈ $584,718.19 for 2,192 shares.
- Shares owned after the transaction: not specified in the provided filing summary.
- Footnotes: F1 — shares vest on the first anniversary of the grant date; F2 — FMV on July 1, 2026 was $266.7510/share.
- Transaction type code: A = award/grant.
Context
- The grant appears to be equity compensation (likely restricted stock or RSUs) subject to a one-year vesting schedule per the footnote; it does not represent an immediate market purchase or sale.
- Awards like this are routine for executive compensation and are intended for retention/compensation rather than indicating an immediate trading stance.