Santana Rafael 4

What Happened Rafael Santana, President & CEO and a director of Westinghouse Air Brake Technologies (WAB), received an award/issuance of 117,870 shares on 2026-02-12 valued at $257.52 per share (total reported value $30,354,472). Of those, 55,510 shares were withheld to satisfy tax obligations (reported disposal value $14,295,213), leaving a net issuance of 62,360 shares to Santana (net value roughly $16.06M).

Key Details

• Transaction date: 2026-02-12. Filing date (Form 4): 2026-02-17.
• Award: 117,870 shares @ $257.52 = $30,354,472 (code A).
• Tax withholding: 55,510 shares withheld @ $257.52 = $14,295,213 (code F); footnote confirms shares were withheld to satisfy tax obligations.
• Net shares retained: 62,360 (117,870 − 55,510); net reported value ≈ $16.06M.
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Transaction on Feb 12, filed Feb 17 — appears to have been filed one business day late (Form 4s are generally due within two business days).

Context

• This was an award/issuance with shares withheld for taxes (a routine cashless withholding), not an open-market purchase or sale. Withholding to cover taxes is common for equity compensation and does not necessarily indicate a change in the insider's view of the company.
• Codes: A = Award/Grant/Acquisition, F = shares withheld for taxes.