WAB - At Westinghouse Air Brake Albert J Neupaver Chooses To Exercise Options Resulting In $2.59M | Benzinga
Disclosed in a recent SEC filing on May 2, Neupaver, Director at Westinghouse Air Brake (NYSE:WAB), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Neupaver, Director at Westinghouse Air Brake, executed a strategic derivative sale. This involved exercising stock options for 29,100 shares of WAB, resulting in a transaction value of $2,591,905.
During Friday's morning session, Westinghouse Air Brake shares down by 0.0%, currently priced at $161.88. Considering the current price, Neupaver's 29,100 shares have a total value of $2,591,905.
Discovering Westinghouse Air Brake: A Closer Look
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United ...