Santana Rafael 4

What Happened
Rafael Santana, President, CEO and a director of Westinghouse Air Brake Technologies Corp (Wabtec, ticker WAB), sold a total of 2,326 shares in open‑market transactions on March 9–10, 2026. The individual lots were sold at prices reported between about $238.69 and $251.62 per share (weighted average groupings), producing total proceeds of approximately $572,120. These were outright sales (transaction code S) — a liquidity/diversification action rather than a purchase signal.

Key Details

• Transaction dates: March 9 and March 10, 2026 (filed March 11, 2026).
• Quantities & sample prices: multiple lots totaling 2,326 shares; reported per‑lot weighted average prices ranged roughly $238–$252; total proceeds ≈ $572,120.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes: Several footnotes (F1–F14) state the reported prices are weighted averages for multiple small trades within ~$1 ranges (e.g., $238.26–$239.13, $247.27–$248.15, up to $250.38–$251.37 / $251.44–$252.12). The filer offers to provide per‑trade breakdowns on request.
• Filing timeliness: The Form 4 was filed March 11 for trades on March 9–10 and therefore appears to be timely (Form 4 is generally due within two business days).
• No options exercises, awards, gifts, or 10b5‑1 plan references are indicated in the shown transactions — these were open‑market sales (S).

Context

• Sales by executives can be routine (liquidity, diversification, tax planning) and do not, by themselves, indicate negative company outlook; purchases are typically considered more informative of insider confidence.
• For more insight, check the insider’s remaining ownership, recent prior filings, and any company disclosures or scheduled insider trading plans (10b5‑1) that might explain the pattern.