Jain Nalin 4
Research Summary
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Wabtec (WAB) President Nalin Jain Sells Shares
What Happened
- Nalin Jain, President, Digital Electronics at Westinghouse Air Brake Technologies Corp (Wabtec), sold 7,936 shares in open-market transactions on February 25, 2026. The weighted-average price reported was $264.09 per share, for a total proceeds of $2,095,854. This was a sale (Transaction code S), not a purchase.
Key Details
- Transaction date: 2026-02-25 (reported on Form 4 filed 2026-02-26; timely filing).
- Price: weighted-average $264.09; sales occurred at prices ranging from $264.0801 to $264.19 (per footnote).
- Total proceeds: $2,095,854.
- Shares owned after transaction: not provided in the excerpt of this filing.
- Footnote: the reported price is a weighted average; the filer offers to provide the exact breakdown of shares sold at each price within the stated range upon request to the company, shareholders, or the SEC staff.
- Transaction type: Open-market sale (S). No 10% owner status or option exercise noted in this filing.
Context
- This was an open-market sale by a company officer. Sales by insiders can occur for many reasons (diversification, personal needs, planned trading programs) and do not by themselves indicate a change in the company’s outlook. The filing does not show any derivative exercise, gift, or tax-withholding event tied to this sale.