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EdgarHawk

Rafael Santana

President and CEO

Director Officer

Latest: President and CEO selling · April 2026

12 filings analyzed · 1 company · Latest 2026-06-09

Companies

Company Buys Sells Direction
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP WAB 0 99 Net selling

Activity

June 2026
Sell
2,326 shares
$607,921
Significance 3/10

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
Sell
2,326 shares
$614,844
Significance 4/10

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
Sell
60,852 shares
$16,362,580
Significance 6/10

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
Sell
2,326 shares
$572,118
Significance 4/10

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
Sell
3,596 shares
$897,080
Significance 4/10

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.

January 2026
Sell
3,596 shares
$787,180
Significance 6/10

CEO Rafael sells 3,596 shares at $217.37–$222.10 over Jan 5–6 for $787.2K, leaving 120.5K shares post-sale

Santana Rafael, President and CEO of Westinghouse Air Brake Technologies, executed 8 separate sales totaling 3,596 shares for $787,180.50 across January 5–6, 2026, with a blended average price of $218.90. The sales represent a 2.9% reduction in his position (from 124.1K to 120.5K shares) at prices very near the stock's current level of $216.62 and well within the 52-week range of $160.22–$221.71. His cross-ticker track record shows 20 prior sells with an average 30-day return of +4.5%, though outcomes measurable at the 90-day horizon for the same ticker are not yet available. At the company level, revenue stands at $2.9B with $310.0M net income and a P/E of 31.39, reflecting a mature, profitable industrial business. The multi-transaction structure and modest size relative to his ongoing holdings suggest routine portfolio management rather than a dramatic shift in insider appetite for WAB equity.

December 2025
Sell
3,596 shares
$765,446
Significance 5/10

WAB CEO Rafael sells 3,596 shares for $765,445.58 across 8 transactions; retains 124,143 shares post-sale.

Santana Rafael, President and CEO of Westinghouse Air Brake Technologies, executed 8 separate sales totaling 3,596 shares for $765,445.58 on December 17–18, 2025, at prices ranging from $211.25 to $214.82 (blended average $212.86). The sale represents a 2.8% reduction from his pre-transaction holdings of 127,739 shares, leaving him with 124,143 shares post-transaction. The current stock price of $216.14 sits near the 52-week high of $217.77 and is up 9.2% over 30 days and 14.5% over 90 days, suggesting the sales occurred in a period of upward momentum. His prior WAB trades in early November (five sales on November 3–4) showed positive 30-day returns ranging from 4.8% to 6.0%, though 90-day outcomes remain unmeasurable. His cross-ticker track record shows 0.00% well-timed rate on 20 prior sells with an average 90-day return of +12.9%, indicating his historical sells have been preceded by further gains rather than declines. The scale of this sale relative to total holdings is modest, and the executive maintains a substantial position post-transaction.

November 2025
Sell
3,596 shares
$732,296
Significance 6/10

WAB CEO Santana Rafael sold 3,596 shares for $732,296.50 across 8 transactions on Nov 3-4, 2025.

Santana Rafael, President and CEO, executed 8 separate sales totaling 3,596 shares for $732,296.50 over two trading days, reducing his holdings by 2.7% from 131,335 to 127,739 shares. The blended average sale price was $203.64 against a current price of $206.02, representing a modest execution within 1% of current levels. Notably, Rafael has made 5 prior sales at WAB within the past three weeks (all on or before 2025-10-15), with outcomes not yet measurable at the 90-day horizon, indicating a pattern of scheduled or routine selling activity rather than a discrete market-timing decision. His cross-ticker track record shows a 20% well-timed rate on prior sells with an average 90-day return of +12.0%, but this same-ticker sequence at WAB lacks historical timing validation and offers no definitive signal about conviction or valuation concerns.

October 2025
Sell
3,596 shares
$705,331
Significance 4/10

WAB CEO Santana Rafael sold 3,596 shares for $705,330.69 across 9 transactions on Oct 14-15.

Santana Rafael, President and CEO of Westinghouse Air Brake Technologies, executed 9 separate sales totaling 3,596 shares for $705,330.69 on October 14–15, 2025, at prices ranging from $192.29 to $198.58 and averaging $196.14. The sale reduced his holdings by 2.7%, from 134,931 to 131,335 shares, leaving him with substantial continuing ownership of 131.3K shares. His prior 5 sales at WAB (from September 12–15) showed positive 30-day returns of +0.1% to +4.4%; however, no 90-day outcome windows are yet measurable for those recent trades, limiting ability to assess his precision at this ticker. The current stock price of $193.61 sits 9.7% below its 52-week high of $214.38, slightly below the blended sale price of $196.14. In his cross-ticker track record, he averaged a 90-day return of +16.3% after sells, with a 10% well-timed rate—indicating his historical sells have typically preceded modest stock gains rather than declines. The company's fundamentals remain solid (P/E 28.73, +7.3% revenue growth, $336M net income on $2.7B quarterly revenue), providing limited macro context for the sale pattern itself.

September 2025
Sell
3,597 shares
$682,702
Significance 5/10

WAB CEO Santana Rafael sells 3,597 shares for $682,701.52 across 6 transactions on Sept 12-15

Santana Rafael, WAB's President and CEO, completed 6 separate sales totaling 3,597 shares (3.6K shares) for $682,701.52 at a blended average price of $189.80 on September 12-15, 2025, reducing his holdings from 138,528 to 134,931 shares (a 2.6% reduction). At the current price of $187.65, the stock has declined 0.8% over 30 days and 6.6% over 90 days from the transaction dates, and trades 12.5% below its 52-week high of $214.38. His prior 5 sales at WAB show mixed timing: 4 of 5 resulted in positive 90-day returns (stock rose after the sale), with only 1 well-timed at the 90-day mark; his cross-ticker track record of 10 prior sells shows an average 90-day return of +16.3%, indicating a 10.00% well-timed rate. The company's fundamentals remain solid with revenue of $2,706,000,000.00, net income of $336,000,000.00, annual revenue growth of +7.3%, and a P/E of 27.84 on a $32.1B market cap.

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