Santana Rafael 4

What Happened Rafael Santana, President & CEO and a director of Westinghouse Air Brake Technologies Corp (Wabtec, ticker WAB), was granted 32,398 shares on March 5, 2026. The shares were issued at $0.00 (award/grant, transaction code A). Using the 30-day average closing price of $248.782 per share (footnote in the filing), the grant has an implied value of roughly $8.06 million. This was a compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-05; filing date: 2026-03-09 (filed timely).
• Instrument/Type: Award/Grant (code A); shares acquired at $0.00.
• Shares granted: 32,398; implied value ≈ $8.06M based on 30‑day avg $248.782 (footnote F1).
• Shares owned after transaction: not specified in the provided excerpt—see full Form 4 for total beneficial holdings.
• No indication in this filing of a 10b5-1 plan, tax withholding sale, or a cashless exercise.

Context Grants like this are standard components of executive compensation and do not represent an open‑market purchase or sale by the insider. They provide value to the executive but should not be interpreted on their own as a direct signal of near‑term buying/selling intentions. For complete details (vesting terms, total holdings, or related equity awards), consult the full Form 4 filing (Accession 0001628280-26-015972).