DeNinno David L 4

What Happened

• David L. DeNinno, Executive Vice President, General Counsel and Secretary of Westinghouse Air Brake Technologies Corp. (WAB), was granted/received 15,354 shares on 2026-02-12 at a reported $257.52 per share (total value ≈ $3,954,039). To satisfy tax withholding obligations, 6,698 of those shares were withheld (disposed) at the same price, valued at ≈ $1,724,902. Net shares delivered to him from this grant were 8,656 (15,354 − 6,698).
• This was an award/acquisition (not an open-market purchase), and the withholding is a routine tax-related disposition rather than a voluntary sale.

Key Details

• Transaction date: 2026-02-12. Price reported: $257.52 per share.
  • A (Acquired): 15,354 shares @ $257.52 = $3,954,039
  • F (Tax withholding/Disposed): 6,698 shares @ $257.52 = $1,724,902
• Net shares received from the award: 8,656 (after tax withholding).
• Footnotes: F1 — shares were withheld from issuance to satisfy tax obligations; F2 — filing notes inclusion of two shares inadvertently omitted previously in the reporting person’s beneficial ownership.
• Filing: Form 4 filed 2026-02-17 for a 2026-02-12 transaction (filed five days after the transaction). Form 4s are typically due within two business days of the transaction, so this appears later than the standard deadline.

Context

• This appears to be a stock award/vesting event with shares withheld to cover taxes (a common, routine “cashless” settlement of awards). Such award-related withholding should not be interpreted as a market-directed sale or a signal of sentiment by the insider.