secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001140361-21-028111
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wabtec appoints John Olin as CFO, succeeding Pat Dugan effective Oct 1
----------------------------------------------------------------------

- John Olin named EVP and CFO effective October 1, 2021, replacing Pat Dugan who leaves in Q4.
- Olin previously served as SVP and CFO of Harley-Davidson from 2009 to 2020.
- Dugan leaves after nearly 20 years; helped grow Wabtec from ~$2.5B to ~$8B revenue.
- Olin's compensation: $750k salary, 100% target bonus, annual equity ~$2M, initial $1M restricted stock.
- Olin also receives customary relocation benefits and a retirement vesting provision at age 65.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000114036121028111/0001140361-21-028111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000114036121028111/brhc10027999_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-028111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer