secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2021-09-14T23:59:59+00:00
Accession:  0001140361-21-031241
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Wabtec CFO Patrick Dugan to depart Q4 2021; receives $2.52M in transition payments
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- CFO Patrick A. Dugan to leave in Q4 2021; transition agreement signed Sept 9, 2021.
- Cash payment of $2,520,000 (two times annual salary plus targeted 2021 bonus).
- Accelerated vesting of outstanding stock options and restricted stock; pro-rated performance units.
- Continued healthcare coverage for 24 months; includes release, non-compete, and non-solicitation provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000114036121031241/0001140361-21-031241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000114036121031241/brhc10028941_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-031241

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