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WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP Insider Trading

Latest: General Counsel Sold $664K of Shares · May 2026

Multiple insiders have been active at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB): 12 distinct insiders account for 0 buy filings and 36 sell filings as of Jul 2026. Its highest-significance filing in the last 90 days: General Counsel Deninno David L sold $664K, transaction dated May 2026.

36 filings analyzed · Latest 2026-07-08

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Buys
0
Sells
36
Insiders
12
Direction
Net selling

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP leadership

CEO
Rafael Santana — Chief Executive Officer
CFO
John A. Olin — Chief Financial Officer
General Counsel
David L. Deninno — Executive Vice President, General Counsel and Secretary
Chair
Albert J. Neupaver — Chairman of the Board

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a low insider sell (n ≈ 1,162, 2024-2026). Past results don't predict the future. How we measure this ↗

July 2026
2026-07-08 10b5-1 Plan
low
President and CEO
2,326 shares
$603,545
@ $259.48
Significance 4

President Rafael Santana sold 2,326 shares for $603,544.51 via 10b5-1 plan at WAB

Rafael Santana, President and CEO of WAB, sold 2,326 shares across 8 separate transactions on July 6–7, 2026, generating $603,544.51 at a blended average price of $259.48. This disposition was executed under a pre-arranged 10b5-1 trading plan, meaning it was scheduled rather than discretionary. Post-transaction holdings remain substantial at 121,751 shares, representing a 1.9% net reduction. Santana's same-ticker sales history at WAB shows modest negative 30-day returns (-0.2% to -1.8%) on five prior June 2026 sales, though 90-day outcomes are not yet measurable. The current stock price of $259.00 sits 9.1% below the 52-week high and has moved -0.2% over 30 days and -4.4% over 90 days, providing context for the recent transaction pricing.

June 2026
2026-06-09 10b5-1 Plan
low
President and CEO
2,326 shares
$607,921
@ $261.36
Significance 3

Rafael Santana (CEO) sold 2,326 shares for $607,921.24 via 10b5-1 plan over 2 days in June at blended $261.36

Rafael Santana, President and CEO of Westinghouse Air Brake Technologies, executed 9 separate sales totaling 2,326 shares for $607,921.24 across two days (June 5–8, 2026) at a blended average price of $261.36. This transaction is part of a pre-arranged 10b5-1 trading plan, meaning the sales were scheduled and not discretionary. The sale represents a -1.8% reduction in his prior holdings of 126,403 shares, leaving him with 124,077 shares post-transaction. At the current price of $263.94, the stock is -4.3% from its 52-week high of $275.84. His prior sales at WAB have exhibited slight weakness in subsequent periods: the 5 prior trades at this ticker showed 30-day returns ranging from -0.3% to -1.4% and 90-day returns ranging from -1.4% to -2.4%. Given the scheduled nature of this transaction under a 10b5-1 plan, the timing is not a signal of discretionary decision-making but rather pre-planned portfolio management.

May 2026
2026-05-07
medium
Exec VP, General Counsel, Sec.
2,500 shares
$663,688
@ $265.48
Significance 5

Westinghouse Air Brake exec VP sells $663.7K in shares; stock near all-time highs despite mixed prior exit timing

Executive VP and General Counsel Deninno David L sold 2,500 shares as the stock trades near its 52-week high after a sustained rally over the past quarter. This represents the executive's eighth sale in WAB over roughly eighteen months—a consistent pattern of selling rather than buying. However, the timing of his prior exits has been mixed: four of his five most recent previous sales were followed by stock gains over the subsequent period, suggesting poor exit timing, while one preceded a modest decline. The company itself remains profitable with growing revenue and trades at a premium valuation, which could explain why an executive with deep operational knowledge is continuing to trim holdings at elevated prices. This sale occurs while the stock is in strong price territory, adding context to what might otherwise appear as routine portfolio management from an officer.

2026-05-06 10b5-1 Plan
medium
President and CEO
2,326 shares
$614,844
@ $264.34
Significance 4

Westinghouse Air Brake Technologies President and CEO Santana Rafael sells ~$614k in shares across two days

Santana Rafael, the company's President and CEO, executed a series of nine sell transactions totaling approximately $614,844 across May 4th and 5th, 2026. Each individual sale represented a small fraction of his holdings (ranging from 0.0% to 0.3%), suggesting a structured, diversification-oriented disposition rather than a panic dump. The stock was trading slightly below its recent highs and had recovered meaningfully from its lows over the preceding months, providing Rafael with favorable exit conditions for what appears to be a disciplined rebalancing. While C-suite sales can warrant attention, the incremental nature of these transactions—spread across multiple days and prices—combined with the company's profitable fundamentals and solid revenue growth suggests this is a portfolio management decision rather than a statement of lost confidence in the business.

April 2026
2026-04-16 10b5-1 Plan
medium
President and CEO
60,852 shares
$16,362,580
@ $268.89
Significance 6

WAB CEO Rafael Santana sold 60,852 shares for $16,362,580.13 across 4 transactions on 2026-04-14 at blended avg $268.89

Santana Rafael, President and CEO of Westinghouse Air Brake Technologies, executed 4 separate sales totaling 60,852 shares (60.9K shares) for $16,362,580.13 ($16.4M) on April 14, 2026, reducing his holdings by 32.1% from 189,581 to 128,729 shares. The blended average sale price of $268.89 sits near the 52-week high of $270.94, with current stock price at $255.50, reflecting a 5.7% decline from that peak. Rafael's prior sales at WAB (5 trades in March 2026) have posted 30-day returns ranging from +7.7% to +9.9%, while his cross-ticker track record shows 20 prior sells with an average 30-day return of +5.9%, indicating a pattern of executing sales that have subsequently been followed by stock appreciation. The magnitude of this sale—representing nearly one-third of his prior holdings—stands out relative to company fundamentals: WAB reported $2.9B quarterly revenue, $310.0M net income, +7.5% annual growth, and a P/E of 33.66 on a $43.6B market cap.

March 2026
2026-03-11 10b5-1 Plan
low
President and CEO
2,326 shares
$572,118
@ $245.97
Significance 4

Santana Rafael, President/CEO of Westinghouse Air Brake, sold 2,326 shares across 15 transactions on Mar 9-10 for $572,118.20

Santana Rafael executed 15 separate sales totaling 2,326 shares for $572,118.20 at blended average price of $245.97, reducing his holdings from 191,907 shares to 189,581 shares (-1.2%). The sales span two trading days at prices ranging from $238.69 to $251.62, within the 52-week range of $160.22–$264.78 and -7.1% from the 52-week high. His cross-ticker track record shows 20 prior sells with an average 30-day return of +9.4%, but the timing outcome for this specific ticker cannot yet be assessed given the recent transaction dates. The sale represents a routine reduction in a large position and occurs during a period of positive momentum (stock +13.0% over 90 days, +0.5% over 30 days).

February 2026
2026-02-26
high
Jain Nalin Sell
President, Digital Electronics
7,936 shares
$2,095,854
@ $264.09
Significance 6

WAB President Jain Nalin sold 7,936 shares at $264.09 (-55.5% of holdings, $2.1M). Stock near 52-week high.

Jain Nalin, President of Digital Electronics at Westinghouse Air Brake Technologies, sold 7,936 shares on 2026-02-25 at $264.09, reducing his holdings from 14,300 shares to 6,364 shares and realizing $2,095,853.95. The sale occurs with the stock at $263.41 current price, within 0.5% of its 52-week high of $264.78, and follows a sharp 30-day rally of +13.7% and 90-day gain of +26.3%. His prior two sales at WAB on 2025-04-24 both showed positive 90-day returns of +15.5%, indicating neither prior trade was well-timed by the 90-day standard. The company trades at a P/E of 34.70 with $2.9B in latest quarterly revenue and $310.0M net income. The substantial reduction in holdings (more than half) at near-peak price levels merits monitoring of whether this represents portfolio management at cycle highs or shifts in insider positioning relative to company trajectory.

2026-02-25
medium
Executive Vice President & CFO
11,000 shares
$2,896,300
@ $263.30
Significance 5

WAB CFO John A Olin sells 11,000 shares at $263.30; reduces holdings by 15.4% to 60,487 shares

Olin John A, Executive Vice President & CFO, sold 11,000 shares at $263.30 on 2026-02-24, reducing his holdings from 71,487 to 60,487 shares (a 15.4% reduction). The sale occurred near the 52-week high of $264.78 and at a price $0.49 above the current market price of $262.81. In recent context, WAB stock has appreciated 13.4% over the past 30 days and 26.5% over 90 days, and the company demonstrates solid fundamentals with $2.9B quarterly revenue, $310.0M net income, 7.5% annual revenue growth, and a $44.8B market cap. The transaction represents a material reduction in the CFO's stake but leaves him with substantial holdings, and the sale price near the 52-week peak provides no obvious directional signal in isolation.

2026-02-23
high
President, Equipment Group
3,500 shares
$924,719
@ $264.21
Significance 6

WAB President Mendonca sells 3,500 shares for $924.7K at $264.21, reducing holdings 25.7% near 52-week high

Mendonca Rogerio, President of the Equipment Group, executed two separate sales totaling 3,500 shares for $924,719.37 on 2026-02-20 at prices of $263.74 and $264.59, reducing his holdings from 13,601 to 10,101 shares. The sale occurred near the 52-week high ($264.78), with the blended average price of $264.21 trading only 0.7% below peak levels despite a 30-day surge of +14.3%. His prior four sales at WAB have demonstrated a 100% well-timed pattern at the 90-day mark, all posting negative subsequent returns. The current P/E of 34.64 and the stock's steep 27.6% 90-day appreciation may contextualize a discretionary reduction at elevated valuation, though the position remains substantial at 10,101 shares post-transaction.

2026-02-12 10b5-1 Plan
medium
President and CEO
3,596 shares
$897,080
@ $249.47
Significance 4

WAB CEO Santana Rafael sold 3,596 shares for $897.1K across 11 transactions Feb 10–11, holding 117.0K shares after.

Santana Rafael, President and CEO of Westinghouse Air Brake Technologies, executed 11 separate sales totaling 3,596 shares for $897,080.02 over two trading sessions (Feb 10–11, 2026), reducing his holdings by 3.0% from 120,547 shares to 116,951 shares. The sales occurred as the stock traded within 0.2% of its 52-week high ($254.42), with prices ranging from $244.58 to $256.97 and a blended average of $249.47. This represents a routine reduction in CEO holdings against a backdrop of strong recent price momentum: the stock has gained 11.6% over 30 days and 24.5% over 90 days, and trades at a P/E of 36.78 on annual revenue growth of 7.3%. No FLAGS indicate this was a prearranged trading plan or privately structured transaction. The multi-tranche execution across two days suggests a measured approach rather than urgent liquidation, and the sale occurred at elevated valuations near 52-week highs.

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