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WAB (WAB) CEO Rafael Santana has 19,802 shares withheld for tax obligations

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

Rhea-AI Filing Summary

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP President and CEO Rafael Santana reported a tax-withholding disposition of 19,802 shares of common stock on March 2, 2026. The shares were withheld by the company to cover withholding taxes upon vesting of restricted shares at a price of $263.015 per share. After this transaction, Santana directly owned 159,509 common shares.

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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 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)
03/02/2026
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)
Code V Amount (A) or (D) Price
Common Stock - Direct 03/02/2026 F 19,802(1) D $263.015 159,509 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 amount of securities withheld by the Company to discharge withholding tax obligations of the reporting person in connection with the vesting of restricted shares.
Remarks:
David L. DeNinno, POA for Rafael Santana 03/04/2026
** 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.

FAQ

What insider transaction did WAB President and CEO Rafael Santana report?

Rafael Santana reported a tax-withholding disposition of 19,802 WAB common shares. The shares were withheld by the company to satisfy tax obligations arising from the vesting of restricted shares, rather than being sold in an open market transaction.

At what price were Rafael Santana’s WAB shares withheld for taxes?

The 19,802 WAB shares were withheld at a price of $263.015 per share. This price is used to calculate the value of shares applied toward the reporting person’s tax liability upon vesting of restricted stock awards.

How many WAB shares does Rafael Santana own after this transaction?

Following the tax-withholding disposition, Rafael Santana directly owns 159,509 WAB common shares. This figure reflects his remaining direct ownership after the company withheld shares to cover taxes on vesting restricted stock.

Was Rafael Santana’s WAB transaction an open market sale or purchase?

The transaction was not an open market sale or purchase. It was a tax-withholding disposition, where the company withheld 19,802 vested restricted shares to pay withholding taxes owed by Rafael Santana on that equity compensation.

What does a Form 4 tax-withholding disposition mean for WAB shareholders?

A tax-withholding disposition reflects shares withheld to cover an executive’s tax obligations on vesting awards. It indicates compensation-related share movement, rather than a discretionary buy or sell decision that might signal a change in the executive’s view on WAB stock.
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