Schweitzer Pascal 4

What Happened
Pascal Schweitzer, President — Transit at Westinghouse Air Brake Technologies Corp (WAB), received a grant of 3,515 phantom shares (reported as a derivative award) on March 5, 2026. The filing reports an acquisition price of $0.00 (award/grant), meaning no cash was paid by the insider for this award.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely filing).
• Type: Award/Grant (Code A); reported as 3,515 phantom shares at $0.00.
• Footnote F1: Each phantom share is the economic equivalent of one share of WAB common stock.
• Footnote F2: Phantom shares vest 33.33% per year beginning March 1, 2027.
• Shares owned after the transaction: not specified in the Form 4 filing.

Context
Phantom stock is a derivative compensation award that tracks the economic value of common shares; it typically does not convey immediate ownership, voting rights, or transferable shares until settlement/vesting. Because this was an awarded grant (not a purchase or sale), it is generally a compensation/retention action rather than a direct market sentiment indicator.