Santana Rafael 4
4 · WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Wabtec (WAB) CEO Rafael Santana Sells 2,326 Shares
What Happened
Rafael Santana, President, CEO and a director of Westinghouse Air Brake Technologies Corp (Wabtec, ticker WAB), sold a total of 2,326 shares in open‑market transactions on March 9–10, 2026. The individual lots were sold at prices reported between about $238.69 and $251.62 per share (weighted average groupings), producing total proceeds of approximately $572,120. These were outright sales (transaction code S) — a liquidity/diversification action rather than a purchase signal.
Key Details
- Transaction dates: March 9 and March 10, 2026 (filed March 11, 2026).
- Quantities & sample prices: multiple lots totaling 2,326 shares; reported per‑lot weighted average prices ranged roughly $238–$252; total proceeds ≈ $572,120.
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Footnotes: Several footnotes (F1–F14) state the reported prices are weighted averages for multiple small trades within ~$1 ranges (e.g., $238.26–$239.13, $247.27–$248.15, up to $250.38–$251.37 / $251.44–$252.12). The filer offers to provide per‑trade breakdowns on request.
- Filing timeliness: The Form 4 was filed March 11 for trades on March 9–10 and therefore appears to be timely (Form 4 is generally due within two business days).
- No options exercises, awards, gifts, or 10b5‑1 plan references are indicated in the shown transactions — these were open‑market sales (S).
Context
- Sales by executives can be routine (liquidity, diversification, tax planning) and do not, by themselves, indicate negative company outlook; purchases are typically considered more informative of insider confidence.
- For more insight, check the insider’s remaining ownership, recent prior filings, and any company disclosures or scheduled insider trading plans (10b5‑1) that might explain the pattern.
Insider Transaction Report
Form 4
Santana Rafael
DirectorPresident and CEO
Transactions
- Sale
Common Stock - Direct
[F1]2026-03-09$238.69/sh−140$33,417→ 191,767 total - Sale
Common Stock - Direct
[F2]2026-03-09$239.87/sh−80$19,190→ 191,687 total - Sale
Common Stock - Direct
[F3]2026-03-09$241.20/sh−91$21,950→ 191,596 total - Sale
Common Stock - Direct
[F4]2026-03-09$242.30/sh−234$56,699→ 191,362 total - Sale
Common Stock - Direct
[F5]2026-03-09$243.25/sh−218$53,028→ 191,144 total - Sale
Common Stock - Direct
[F6]2026-03-09$243.92/sh−77$18,782→ 191,067 total - Sale
Common Stock - Direct
[F7]2026-03-09$246.01/sh−75$18,451→ 190,992 total - Sale
Common Stock - Direct
[F8]2026-03-09$246.79/sh−236$58,243→ 190,756 total - Sale
Common Stock - Direct
2026-03-09$247.57/sh−12$2,971→ 190,744 total - Sale
Common Stock - Direct
[F9]2026-03-10$246.61/sh−235$57,952→ 190,509 total - Sale
Common Stock - Direct
[F10]2026-03-10$247.83/sh−197$48,823→ 190,312 total - Sale
Common Stock - Direct
[F11]2026-03-10$248.69/sh−257$63,912→ 190,055 total - Sale
Common Stock - Direct
[F12]2026-03-10$249.85/sh−260$64,961→ 189,795 total - Sale
Common Stock - Direct
[F13]2026-03-10$250.81/sh−130$32,605→ 189,665 total - Sale
Common Stock - Direct
[F14]2026-03-10$251.62/sh−84$21,136→ 189,581 total
Footnotes (14)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $238.26 to $239.125 inclusive. The reporting person undertakes to provide Westinghouse Air Brake Technologies Corporation ("Wabtec"), any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- [F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $247.265 to $248.15 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (10) to this Form 4.
- [F11]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $248.295 to $249.28 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (11) to this Form 4.
- [F12]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $249.31 to $250.275 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (12) to this Form 4.
- [F13]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $250.38 to $251.37 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (13) to this Form 4.
- [F14]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $251.44 to $252.12 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (14) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $239.545 to $240.20 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $240.705 to $241.69 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $241.72 to $242.71 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (4) to this Form 4.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $242.76 to $243.75 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (5) to this Form 4.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $243.78 to $244.14 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (6) to this Form 4.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $245.305 to $246.27 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (7) to this Form 4.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $246.45 to $247.315 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (8) to this Form 4.
- [F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within $1.00 ranging from $246.12 to $247.10 inclusive. The reporting person undertakes to provide Wabtec, any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (9) to this Form 4.
Signature
David L. DeNinno, POA for Rafael Santana|2026-03-11