Sbrocco Gregory 4

What Happened

• Gregory Sbrocco, Executive Vice President — Operations at Westinghouse Air Brake Technologies Corp (WAB), was granted equity on Feb 12, 2026. The filing reports an award of 11,130 shares at $257.52 per share (value $2,866,253) and a derivative/phantom award of 5,993 units at $257.52 (value $1,543,347). To satisfy tax withholding, 4,424 of the issued shares were withheld (disposed) at the same price, equal to $1,139,291. The non-derivative award resulted in a net issuance of 6,706 shares after withholding.

Key Details

• Transaction dates and prices:
  • 2026-02-12 — Award (A): 11,130 shares @ $257.52 = $2,866,253
  • 2026-02-12 — Tax withholding (F): 4,424 shares @ $257.52 = $1,139,291 (shares withheld to satisfy tax obligations; footnote F1)
  • 2026-02-12 — Derivative award (A, phantom): 5,993 units @ $257.52 = $1,543,347 (footnote F2)
• Immediate net shares issued (excluding phantom units): 11,130 − 4,424 = 6,706 shares (≈ $1.73M at grant price).
• Shares owned after the transaction: not disclosed in the provided Form 4.
• Filing: Form 4 filed on 2026-02-17 (five calendar days after the Feb 12 transaction); investors may note the filing lag.
• Transaction codes: A = Award/Grant; F = payment of tax liability (withholding).

Context

• The 5,993-unit award is a phantom/derivative award under the company’s deferred compensation plan and, per the footnote, will be payable according to the executive’s election (typically in installments commencing after separation from service). That means those units do not necessarily represent immediately deliverable common shares.
• The withholding (F) is a routine tax-related disposition and not an open-market sale. This filing documents compensation-related equity grants rather than a voluntary buy or sale that signals trading intent.