Lilian Leroux - 01 Mar 2022 Form 4 Insider Report for WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)

Role: President, Transit Group
Signature: David L. DeNinno, POA for Lilian Leroux
Issuer symbol: WAB
Transactions as of: 01 Mar 2022
Net transactions value: -$497,786
Form type: 4
Filing time: 03 Mar 2022, 13:27:30 UTC
Previous filing: 01 Mar 2022
Next filing: 18 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WAB	Common Stock	Options Exercise	$0	+5,551	+148%	$0.000000	9,297	01 Mar 2022	Direct
transaction	WAB	Common Stock	Disposed to Issuer	$497,786	-5,551	-60%	$89.68	3,746	01 Mar 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WAB	Phantom Stock	Options Exercise	$0	-3,249	-100%	$0.000000^*	0	01 Mar 2022	Common Stock	3,249		Direct	F1
transaction	WAB	Phantom Stock	Options Exercise	$0	-1,171	-50%	$0.000000	1,171	01 Mar 2022	Common Stock	1,171		Direct	F1, F2
transaction	WAB	Phantom Stock	Options Exercise	$0	-1,131	-33%	$0.000000	2,261	01 Mar 2022	Common Stock	1,131		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of phantom stock is the economic equivalent of one share of Westinghouse Air Brake Technologies Corporation's common stock. The transactions reported in this Form 4 relate to the settlement of 5,551 shares of phantom stock in cash upon vesting on March 1, 2022.
F2	1,171 remaining shares of phantom stock vest on March 1, 2023.
F3	1,131 remaining shares of phantom stock vest on March 1, 2023, and 1,130 remaining shares of phantom stock vest on March 1, 2024.