Westinghouse Air Brake (WAB) CEO Rafael Santana Reports Insider Sales

Rhea-AI Filing Summary

Rafael Santana, President and CEO and a director of Westinghouse Air Brake Technologies Corporation (WAB), reported multiple open-market sales of company common stock under a 10b5-1 plan. The Form 4 shows sales executed on 09/12/2025 and 09/15/2025 totaling 3,597 shares, with the reporting persons beneficial ownership declining to 134,931 shares after the transactions. The filing discloses weighted-average prices for each group of sales and provides price ranges for the underlying multiple trades. The Form 4 was signed by a power of attorney on behalf of Mr. Santana and checks the box indicating the transactions were made pursuant to a Rule 10b5-1 written plan.

Positive

• Transactions executed under a 10b5-1 plan, indicating pre-arranged trading intent
• Detailed disclosure of weighted-average prices and price ranges for the multiple trades
• Complete Form 4 filing with POA signature and explanatory footnotes

Negative

• Insider sold 3,597 shares, reducing direct beneficial ownership to 134,931 shares
• Sales occurred over two dates (09/12/2025 and 09/15/2025), which may attract investor attention

Insights

Securities Analyst

TL;DR: Insider sold 3,597 WAB shares under a 10b5-1 plan; transparency provided via weighted-average prices and price ranges.

These sales are disclosed clearly and the filing identifies the transactions as covered by a 10b5-1 trading plan, which typically indicates pre-arranged disposition rather than opportunistic trading. The Form 4 lists individual sale blocks with weighted-average prices and ranges, and shows the insiders remaining direct holdings at 134,931 shares. From a market-impact perspective, the volumes reported here are modest relative to typical public-company free float sizes, but the filing appropriately meets reporting requirements and provides the specific pricing ranges for auditability.

Corporate Governance Expert

TL;DR: Sales executed under an indicated 10b5-1 plan, with full footnote disclosure of price ranges and POA signature.

The filing documents that the reporting person is both an officer (President and CEO) and a director, and that the transactions were made pursuant to a 10b5-1 plan, which is relevant for assessing compliance with insider trading policies. The form includes explanatory footnotes describing weighted-average prices and commits to provide detailed trade-by-trade information on request. The signature by a power of attorney is indicated. No derivative transactions or amendments are reported.

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)
09/12/2025

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	09/12/2025		S		485	D	$189.0109(1)	138,043	D
Common Stock - Direct	09/12/2025		S		897	D	$190.0774(2)	137,146	D
Common Stock - Direct	09/12/2025		S		417	D	$190.8357(3)	136,729	D
Common Stock - Direct	09/15/2025		S		780	D	$188.8322(4)	135,949	D
Common Stock - Direct	09/15/2025		S		725	D	$189.9585(5)	135,224	D
Common Stock - Direct	09/15/2025		S		293	D	$190.9361(6)	134,931	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 $188.53 to $189.51 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 $189.595 to $190.58 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 $190.6 to $191.43 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 $188.39 to $189.38 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 $189.4 to $190.33 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 $190.44 to $191.405 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.

Remarks:

	David L. DeNinno, POA for Rafael Santana	09/16/2025
	** 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.

FAQ

Who reported the insider transactions for WAB?

The reporting person is Rafael Santana, identified as President and CEO and a director.

How many WAB shares were sold and on what dates?

A total of 3,597 shares were sold in transactions dated 09/12/2025 and 09/15/2025.

Were the sales part of a 10b5-1 plan for WAB insider Rafael Santana?

Yes. The Form 4 checks the box indicating the transactions were made pursuant to a Rule 10b5-1 written plan.

What was Rafael Santana's beneficial ownership after the reported sales?

The filing reports 134,931 shares beneficially owned following the transactions.

Are derivative securities or option exercises reported in this Form 4?

No. Table II for derivative securities contains no reported transactions in this filing.