secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001140361-22-013268
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WAB amends equity plan with double-trigger vesting upon change of control
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000114036122013268/0001140361-22-013268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000114036122013268/brhc10036113_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-013268

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