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WAB Form 4: CEO Rafael Santana discloses open‑market stock sales

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Westinghouse Air Brake Technologies (WAB): Form 4 filing reports open‑market sales by President and CEO (and Director) Rafael Santana on 10/14/2025 and 10/15/2025. Reported tranches include 860 shares at a weighted average price of $195.6521 on 10/14/2025 and 1,039 shares at $196.9581 on 10/15/2025, among other transactions priced between $192.2887 and $198.5823. Following the reported sales, direct beneficial ownership stands at 131,335 shares.

Positive

  • None.

Negative

  • None.
Insider Santana Rafael
Role President and CEO
Sold 3,596 shs ($705K)
Type Security Shares Price Value
Sale Common Stock - Direct 120 $195.782 $23K
Sale Common Stock - Direct 1,039 $196.9581 $205K
Sale Common Stock - Direct 514 $197.8503 $102K
Sale Common Stock - Direct 125 $198.5823 $25K
Sale Common Stock - Direct 70 $192.2887 $13K
Sale Common Stock - Direct 134 $193.6371 $26K
Sale Common Stock - Direct 516 $194.3122 $100K
Sale Common Stock - Direct 860 $195.6521 $168K
Sale Common Stock - Direct 218 $196.0828 $43K
Holdings After Transaction: Common Stock - Direct — 131,335 shares (Direct)
Footnotes (9)
  1. 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 $191.91 to $192.6625 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.
  2. 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 $192.93 to $193.895 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.
  3. 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 $193.94 to $194.93 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.
  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 $194.95 to $195.95 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.
  5. 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 $195.955 to $196.53 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.
  6. 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 $195.14 to $196.1 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.
  7. 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 $196.275 to $197.27 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.
  8. 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 $197.28 to $198.28 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 (8) to this Form 4.
  9. 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 $198.3 to $198.805 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.

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FAQ

What did WAB’s CEO report in the latest Form 4?
Multiple open‑market sales on 10/14/2025 and 10/15/2025 at weighted average prices ranging from $192.2887 to $198.5823.

How many WAB shares does the reporting person directly own after these trades?
Direct beneficial ownership is 131,335 shares after the reported transactions.

Who is the reporting person in the WAB Form 4?
Rafael Santana, who serves as President and CEO and as a Director of Wabtec.

What transaction code appears in the filing for WAB?
The filing lists transaction code S, indicating open‑market sales of common stock.

Can you cite examples of the reported WAB sales and prices?
Examples include 860 shares at $195.6521 on 10/14/2025 and 1,039 shares at $196.9581 on 10/15/2025.

Were the reported prices single trades or averages?
Each listed price is a weighted average; footnotes note sales occurred in multiple transactions within $1.00 ranges.
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).
X
 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 PA 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)
10/14/2025
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)
Code V Amount (A) or (D) Price
Common Stock - Direct 10/14/2025 S 70 D $192.2887(1) 134,861 D
Common Stock - Direct 10/14/2025 S 134 D $193.6371(2) 134,727 D
Common Stock - Direct 10/14/2025 S 516 D $194.3122(3) 134,211 D
Common Stock - Direct 10/14/2025 S 860 D $195.6521(4) 133,351 D
Common Stock - Direct 10/14/2025 S 218 D $196.0828(5) 133,133 D
Common Stock - Direct 10/15/2025 S 120 D $195.782(6) 133,013 D
Common Stock - Direct 10/15/2025 S 1,039 D $196.9581(7) 131,974 D
Common Stock - Direct 10/15/2025 S 514 D $197.8503(8) 131,460 D
Common Stock - Direct 10/15/2025 S 125 D $198.5823(9) 131,335 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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 $191.91 to $192.6625 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.
2. 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 $192.93 to $193.895 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.
3. 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 $193.94 to $194.93 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.
4. 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 $194.95 to $195.95 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.
5. 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 $195.955 to $196.53 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.
6. 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 $195.14 to $196.1 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.
7. 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 $196.275 to $197.27 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.
8. 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 $197.28 to $198.28 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 (8) to this Form 4.
9. 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 $198.3 to $198.805 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.
Remarks:
David L. DeNinno, POA for Rafael Santana 10/16/2025
** 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