What does the 117,870-share transaction for Rafael Santana represent in the WAB Form 4?

The 117,870-share transaction is coded “A,” indicating a grant, award, or other acquisition of Westinghouse Air Brake Technologies common stock. It represents equity compensation awarded to Rafael Santana as President and CEO, at a reference price of $257.525 per share.

Form 4: Santana Rafael reports multiple insider transactions in WAB

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Santana Rafael reported multiple insider transaction types in a Form 4 filing for WAB. The filing lists transactions totaling 173,380 shares at a weighted average price of $257.53 per share. Following the reported transactions, holdings were 179,311 shares.

Insider Trade Summary

Net Buyer: 62,360 shares

Net Buy 2 txns

Insider Santana Rafael

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock - Direct	117,870	$257.525	$30.35M
Exercise Price or Tax Liability	Common Stock - Direct	55,510	$257.525	$14.30M

Holdings After Transaction: Common Stock - Direct — 179,311 shares (Direct)

Footnotes (1)

F1. Shares were withheld from issuance to satisfy tax obligations

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/17/2026 - 03:08 PM

FAQ

What insider transactions did WAB President and CEO Rafael Santana report on February 12, 2026?

Rafael Santana reported an equity grant and related tax withholding on February 12, 2026. He received 117,870 shares of Westinghouse Air Brake Technologies common stock, with 55,510 shares withheld to cover tax obligations, leaving him with 179,311 shares held directly afterward.

How many WAB shares does Rafael Santana own directly after this Form 4 filing?

After the reported transactions, Rafael Santana directly owns 179,311 shares of Westinghouse Air Brake Technologies common stock. This figure reflects the net position following a 117,870-share award and 55,510 shares withheld to satisfy associated tax obligations on February 12, 2026.

Was Rafael Santana’s WAB stock disposition an open-market sale?

The disposition was not described as an open-market sale. The transaction was coded “F,” and the filing explains that 55,510 shares were withheld from issuance specifically to satisfy tax obligations, indicating a tax-withholding disposition rather than a discretionary market sale.

How is the tax withholding reflected in Rafael Santana’s WAB Form 4 filing?

Tax withholding appears as a transaction coded “F” involving 55,510 shares. A footnote clarifies that these shares were withheld from issuance to satisfy tax obligations, reducing the number of shares ultimately delivered to Rafael Santana while not indicating an open-market stock sale.

What roles does Rafael Santana hold at Westinghouse Air Brake Technologies (WAB)?

Rafael Santana is identified as both a director and an officer of Westinghouse Air Brake Technologies, serving as President and CEO. The Form 4 confirms these roles while detailing his direct ownership in the company’s common stock following the reported equity award and tax withholding.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Santana Rafael

(Last)

(First)

(Middle)

30 ISABELLA ST.

(Street)

PITTSBURGH

15212

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP [ WAB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock - Direct	02/12/2026		A		117,870	A	$257.525	234,821	D
Common Stock - Direct	02/12/2026		F		55,510	D	$257.525⁽¹⁾	179,311	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares were withheld from issuance to satisfy tax obligations

Remarks:

	David L. DeNinno, POA for Rafael Santana	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR