Theophilus Nicole B 4
Research Summary
AI-generated summary
Westinghouse Air Brake (WAB) EVP Theophilus Nicole B Receives Award
What Happened
Theophilus Nicole B, EVP & Chief Administrative Officer of Westinghouse Air Brake Technologies (WAB), was granted 2,605 shares on March 5, 2026. The shares were issued as an award (transaction code A) at $0.00 per share; using the 30‑day average closing price of $248.782 (per the filing), the grant is valued at approximately $648,077.
Key Details
- Transaction date: March 5, 2026; Filing date: March 9, 2026 (reported on Form 4).
- Price: $0.00 per share (award/grant). Valuation basis: 30-day average close = $248.782 (footnote F1).
- Shares granted: 2,605; estimated value: ≈ $648,077.
- Shares owned after transaction: Not disclosed in this filing.
- Transaction type: Award/Grant (code A). No sale or purchase of shares for cash was reported.
- Timeliness: The Form 4 was filed four days after the reported transaction date; Form 4s are typically required within two business days, so this filing was submitted after that usual window.
Context
This was a compensation equity award, which is common for executives and does not represent an open‑market purchase or sale. Such awards reflect pay practices rather than an explicit buy/sell signal about the company's near‑term prospects. The filing’s use of a 30‑day average price explains how the number of shares was determined.