Westinghouse Air Brake Technologies Corp. Announces 2024 Annual Stockholder Meeting

Ticker: WAB · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 943452

Sentiment: neutral

Topics: Wabtec, Annual Meeting, Proxy Statement, Virtual Meeting, Stockholder Engagement

TL;DR

<b>Wabtec will host its 2024 annual stockholder meeting virtually on May 16, 2024, emphasizing its commitment to innovation and stockholder engagement.</b>

AI Summary

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. The 2024 annual meeting of stockholders for Westinghouse Air Brake Technologies Corporation (Wabtec) will be held virtually on May 16, 2024, at 11:30 a.m. Eastern Time. Stockholders can attend and participate online at www.virtualshareholdermeeting.com/WAB2024, requiring a 16-digit control number from the proxy card. The company has a history of over 150 years in developing innovative solutions for the global rail industry. Wabtec's portfolio aims to address critical challenges for improved efficiency, safety, and positive environmental impact. The Board of Directors is committed to understanding stockholder perspectives, overseeing risks, and providing long-term strategic guidance.

Why It Matters

For investors and stakeholders tracking WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP, this filing contains several important signals. The virtual format allows for broader stockholder participation and electronic voting, facilitating direct engagement with the company's governance. The Board's composition, with expertise in strategy, rail, technology, and ESG, signals a focus on long-term value creation and risk oversight.

Risk Assessment

Risk Level: low — WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial or operational disclosures that would indicate significant risk.

Analyst Insight

Stockholders should review the proxy materials to understand the proposals being voted on and to participate in the virtual annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP file this DEF 14A?

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB).

Where can I read the original DEF 14A filing from WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.

What are the key takeaways from WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's DEF 14A?

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP filed this DEF 14A on April 4, 2024. Key takeaways: The 2024 annual meeting of stockholders for Westinghouse Air Brake Technologies Corporation (Wabtec) will be held virtually on May 16, 2024, at 11:30 a.m. Eastern Time.. Stockholders can attend and participate online at www.virtualshareholdermeeting.com/WAB2024, requiring a 16-digit control number from the proxy card.. The company has a history of over 150 years in developing innovative solutions for the global rail industry..

Is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP a risky investment based on this filing?

Based on this DEF 14A, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting and does not contain new financial or operational disclosures that would indicate significant risk.

What should investors do after reading WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's DEF 14A?

Stockholders should review the proxy materials to understand the proposals being voted on and to participate in the virtual annual meeting. The overall sentiment from this filing is neutral.

How does WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP compare to its industry peers?

Westinghouse Air Brake Technologies Corporation operates in the railroad equipment industry, providing advanced technologies and solutions for the global rail sector.

Are there regulatory concerns for WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP?

The filing is made under SEC Rule 14a-101, which governs the content and distribution of proxy statements for public companies.

Industry Context

Westinghouse Air Brake Technologies Corporation operates in the railroad equipment industry, providing advanced technologies and solutions for the global rail sector.

Regulatory Implications

The filing is made under SEC Rule 14a-101, which governs the content and distribution of proxy statements for public companies.

What Investors Should Do

  1. Review the proxy statement for details on proposals and director nominees.
  2. Register and attend the virtual annual meeting on May 16, 2024.
  3. Ensure your control number is available for online participation and voting.

Key Dates

Glossary

Proxy Statement
A statement filed by a company detailing information about upcoming shareholder meetings, including matters to be voted on and director nominations. (Provides essential information for stockholders to make informed voting decisions at the annual meeting.)
DEF 14A
A Definitive Proxy Statement filed with the SEC, used to solicit shareholder votes. (This filing type indicates the official proxy materials are being distributed to shareholders.)

Year-Over-Year Comparison

This filing is a Definitive Proxy Statement (DEF 14A) for the upcoming 2024 annual meeting, providing details on the meeting logistics and board oversight.

Filing Stats: 4,344 words · 17 min read · ~14 pages · Grade level 14.2 · Accepted 2024-04-04 08:00:47

Key Financial Figures

Filing Documents

Executive Compensation Decision-Making Process

Executive Compensation Decision-Making Process 47 2023 NEO Compensation 49 NEO Pay Summaries 57 Other Compensation Policies and Practices 58 Compensation and Talent Management Committee Report 60

Executive Compensation Tables

Executive Compensation Tables 61 Summary Compensation Table 61 2023 Grants of Plan Based Awards 62 2023 Outstanding Equity Awards at Fiscal Year-End 63 Option Exercises and Stock Vested 64 Nonqualified Deferred Compensation 64 Potential Payments Upon Termination or Change in Control 65 Potential Payments Upon Termination and Change-in-Control Provisions 67 CEO Pay Ratio 68 Pay Versus Performance 70 2023 Pay Versus Performance Table 70 Most Important Performance Measures for 2023 72 Relationship of Compensation Actually Paid to Certain Measures 72 PROPOSAL 3 Ratify Independent Registered Public Accounting Firm 75 Fees to the Independent Registered Public Accounting Firm 76 Audit Committee Pre-Approval Policies and Procedures 76 Audit Committee Report 77 Common Stock Ownership 78 Questions and Answers Relating to the Annual Meeting 80 Appendix A-1 Cautionary Note About Forward-Looking Statements 4 / 2024 Proxy Statement TABLE OF CONTENTS Company Overview Revolutionizing the Way the World Moves for Future Generations Wabtec is a global provider of value-added, technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries, as well as the mining, marine and industrial markets. Drawing on more than 150 years of experience, we are leading the way in safety, efficiency, reliability, innovation, and productivity. Whether it's freight, transit, ports, logistics, mining, industrial, or marine, our expertise, technologies, and people together – accelerate the future of transportation. DRIVERS OF PORTFOLIO GROWTH Accelerate innovation of scalable technologies Grow and refresh expansive global installed base Lead decarbonization of rail Expand high-margin recurring revenue streams Drive continuous operational improvement 2024 Proxy Statement / 5 TABLE OF CONTENTS 2023 Performance Snapshot Financial and Business Highlights Sales Opera

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