Santana Rafael 4

What Happened Rafael Santana, President & CEO (and Director) of Westinghouse Air Brake Technologies Corp. (WAB), reported open-market sales totaling 2,326 shares on June 5 and June 8, 2026 for aggregate proceeds of approximately $607,921.

• June 5, 2026 — four sales totaling 1,163 shares: 546 @ $260.83 ($142,414); 378 @ $261.85 ($98,979); 160 @ $262.99 ($42,078); 79 @ $263.72 ($20,834). Total for 6/5: $304,305.
• June 8, 2026 — five sales totaling 1,163 shares: 400 @ $259.66 ($103,864); 299 @ $260.80 ($77,978); 193 @ $261.81 ($50,529); 251 @ $262.83 ($65,970); 20 @ $263.76 ($5,275). Total for 6/8: $303,616.
  All transactions are coded "S" (sale).

These are outright sales (not purchases or option exercises). Sales are commonly routine (e.g., diversification, liquidity, tax obligations) but do not, by themselves, indicate the insider’s view of the company.

Key Details

• Transaction dates: June 5, 2026 and June 8, 2026. Per-share reported prices shown above (each is a weighted average for multiple executions).
• Aggregate shares sold: 2,326; aggregate proceeds: ≈ $607,921.
• Shares owned after transaction: Not specified in the supplied filing information.
• Footnotes: Each reported price is a weighted-average for multiple trades; the filing includes footnotes (F1–F9) giving the per-trade price ranges (each within ~$1.00). The reporting person offers to provide a breakdown of the exact number of shares sold at each separate price upon request.
• Timing/filing: Form 4 was filed on June 9, 2026 reporting the June 5 and June 8 sales; the filing date is indicated on the report and appears consistent with routine Form 4 timing.
• Transaction code: S = Sale. No 10b5‑1 plan, tax-withholding, or option-exercise language was noted in the provided details.

Context

• For retail investors: insider purchases are often viewed as a stronger bullish signal than routine sales; sales can reflect personal liquidity needs or pre-set plans.
• Multiple small blocks and weighted-average reporting indicate the shares were executed across several trades/prices rather than a single block trade.
• If you need exact per-trade price breakdowns or the insider’s post-transaction holdings, those can be requested from the company/SEC as noted in the filing footnotes.