Westinghouse Air Brake Technologies Corp (WAB): Kovac’s Purchase, First Since 2010

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Charles F. Kovac, Senior Vice President at Westinghouse Air Brake Technologies Corp (NYSE:WAB) disclosed today the disposal of 12,000 shares of common stock in the open market at weighted average price $86.8369 on November 3, 2014. This is Mr. Kovac’s first purchase, the first reported by an insider since 2010, and now directly owns a total of 114,981 shares.

Daniel S. Och’s Oz Management is the largest shareholding insitituion (amongst those we track) at Westinghouse Air Brake Technologies Corp (NYSE:WAB) with just over 2 million shares, valued at $168 million, after reporting a 4% holding reduction at the end of the second filling period of 2014.

Westinghouse Air Brake Technologies Corp (NYSE:WAB) doing business as Wabtec Corporation, is a providers of value-added, technology-based equipment and services for the global rail industry, and provides its products and services through two business segments: the Freight Group and the Transit Group.

Disclosure: The author, Jodor Jalit, holds no position in any stocks or funds mentioned.

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