Sbrocco Gregory 4

What Happened

• Gregory Sbrocco, Executive Vice President — Operations at Westinghouse Air Brake Technologies (WAB), settled 3,727 phantom shares (deferred compensation) for cash on May 5, 2026. The settlement price was $263.44 per share, producing proceeds of $981,841. The Form 4 shows related entries for the exercise/settlement of in‑the‑money derivative/phantom stock and the cash disposition.

Key Details

• Transaction date: 2026-05-05; filing date: 2026-05-07 (filed within the typical 2‑business‑day Form 4 window).
• Settlement price: $263.44 per share; total cash received: $981,841 for 3,727 shares.
• Shares owned after transaction: not disclosed in the excerpt of this Form 4.
• Footnotes:
  • F1: Each phantom share equals the economic equivalent of one common share; Sbrocco settled his phantom stock for cash at $263.44/share via the company’s Deferred Compensation Plan for Executive Officers and Directors.
  • F2: Payment was made according to the reporting person’s election under the deferred compensation plan; the phantom shares could have been moved into an alternative investment fund prior to settlement.
• Transaction codes: X = exercise/settlement of in‑the‑money derivative (phantom stock); J = other disposition (cash settlement).

Context

• This was a cash settlement of deferred compensation (phantom stock), not an open‑market sale of common stock. Such settlements are routine ways executives receive deferred pay and do not necessarily indicate a change in sentiment about the company.