On Tuesday, December 3, 2024, the company's board authorized an increase in the existing stock repurchase program, making an additional $1.0 billion available for repurchases once the current availability under the program is used up. The company said so in its filing.

8-KOther EventsFiled Dec 9, 2024Period of report Dec 3, 2024Summary published (UTC) Oct 25, 2026

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On Tuesday, December 3, 2024, the company's board authorized an increase in the existing stock repurchase program, making an additional $1.0 billion available for repurchases once the current availability under the program is used up. The company said so in its filing.
Westinghouse Air Brake Technologies said it intends to repurchase stock on the open market or otherwise, including through an accelerated share repurchase, under a Rule 10b5-1 plan, in privately negotiated transactions, and in round lot or block transactions.
The company said no time limit was set for completing the repurchase program. It added that it may repurchase shares at any time in the future, depending on market conditions, its capital needs and other factors.
The company said the board increased the limit on the existing Repurchase Program it had previously disclosed, and that the additional amount can be used after the current limit is exhausted.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Additional $1.0 billion Authorized for Share Buyback

On Tuesday, December 3, 2024, the company's board authorized an increase in the existing stock repurchase program, making an additional $1.0 billion available for repurchases once the current availability under the program is used up. The company said so in its filing.

Source · Based on the filing body and exhibits

Share Repurchase Methods

Westinghouse Air Brake Technologies said it intends to repurchase stock on the open market or otherwise, including through an accelerated share repurchase, under a Rule 10b5-1 plan, in privately negotiated transactions, and in round lot or block transactions.

Source · Based on the filing body and exhibits

Repurchase Timing and Conditions

The company said no time limit was set for completing the repurchase program. It added that it may repurchase shares at any time in the future, depending on market conditions, its capital needs and other factors.

Source · Based on the filing body and exhibits

Nature as an Increase to Existing Program

The company said the board increased the limit on the existing Repurchase Program it had previously disclosed, and that the additional amount can be used after the current limit is exhausted.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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