other material
confidence high
sentiment neutral
materiality 0.30
WAB amends equity plan with double-trigger vesting upon change of control
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- Board approved amendment to 2011 Stock Incentive Plan effective March 31, 2022, adopting double-trigger vesting for awards upon a change of control.
- Awards assumed after a change of control vest only if participant is terminated without cause or for good reason within one year following the event.
- Awards not assumed or replaced vest immediately upon the change of control event.