BANKS LEE C 4

What Happened Lee C Banks, a director of Westinghouse Air Brake Technologies Corp (WAB), was granted 765 shares as an award on May 13, 2026. The award was recorded at $0.00 acquisition price (grant), with the fair market value on the grant date reported as $268.035 per share, giving an aggregate grant value of approximately $205,047. This was a compensation grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: May 13, 2026; reported on Form 4 filed May 15, 2026 (timely filing).
• Price/consideration: $0.00 (grant); Fair market value per share on grant date: $268.035 (Footnote F1).
• Aggregate reported value: ~ $205,047 (765 shares × $268.035).
• Vesting: Shares vest on the first anniversary of the grant date (Footnote F2).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: Award/grant (compensation), not a purchase or sale.

Context This is a standard restricted stock award used for director compensation/retention. Because the shares vest one year after grant, they are not immediately tradable and do not represent an open‑market purchase or sale; such grants are common and reflect compensation rather than an insider buying stock on the open market. The fair market value is provided for reporting purposes to show the grant's economic value.